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Phrases with «revolving loan»

A revolving loan is like having a credit card or line of credit with a set maximum amount you can borrow. You can use and repay the money multiple times as long as you stay within that limit. It's like having a revolving door of borrowing and repaying. Full definition

Related phrases

Sentences with «revolving loan»

  • On top of that, he adds, borrowers who make a good - faith effort to meet their obligations can typically get short - term financial help through revolving loan funds. (realtormag.realtor.org)
  • But in the case of revolving loans, you will need to establish a credit line up to a specific limit. (myfinancekits.com)
  • This is different from revolving loans in the sense that you are borrowing a specific amount per time. (myfinancekits.com)
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