What does credit mean?

That is, the bank gives the borrower a loan amount within a certain period of time according to the borrower's credit status and economic situation. Within the credit period and line, the borrower can borrow on demand according to his own capital needs, without going through complicated loan approval procedures every time, and can reduce interest expenses as much as possible.

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Credit granting is a credit line granted to customers by financial institutions (mainly banks). In this line, customers can borrow money from banks to reduce the cumbersome loan inspection. Credit can be divided into on-balance sheet credit and off-balance sheet credit. On-balance-sheet credit includes loans, project financing, trade financing, discounting and liquidation.

Branch, factoring, lending and repurchase, etc. ; Off-balance sheet credit includes loan commitment, guarantee, letter of credit, bill acceptance, etc. Credit is divided into short-term credit and medium-and long-term credit according to the term. Short-term credit refers to credit within one year (including one year), and medium-and long-term credit refers to credit for more than one year.

Personal comprehensive credit line includes mortgage line, pledge line and credit line. The borrower can apply for these three lines separately or jointly. Among them, the amount of mortgage application must be secured by the mortgaged property in my name, and the mortgage amount shall not exceed the mortgage amount approved by the bank.

70% of the value; To apply for a pledge amount, the pledge amount must be guaranteed by a pledge recognized by the bank, and the pledge amount shall not exceed 90% of the value of the pledge; The credit limit is assessed by the bank according to the information provided by the applicant and the survey results, and the upper limit is 300,000 yuan.

Simply put, the credit line is the maximum amount that the bank can lend you.

Credit line refers to the recyclable credit line given by the bank to the borrower within a certain amount and period, which is characterized by:

1, an integral, which can be recovered as you use it. After the credit extension, within the agreed time and amount, borrow and return;

2. The voucher loan procedure is simple. The borrower handles the credit business according to the credit contract, and the bank will no longer conduct credit investigation and approval;

3. If it is a comprehensive credit line, the borrower can not only obtain loans, but also handle the business of opening acceptance bills and international settlement financing in accordance with the credit contract.

For example, this is usually when there is a credit sale, such as the simplest credit card. You use your credit to pay the fee in advance and then repay the loan.

Credit line is the credit line you can get, which is your total credit sales.