China Bank sent a short message, dear customer, your credit line of 79,800 yuan will expire on April 20th. What do you mean?

It means that the loan of 79,800 yuan approved by Bank of China will expire after April 20th, and applicants with expired credit lines cannot use it. Most of these messages are advertisements for bank loans. If you need a loan, you can handle it through formal channels. Check the information to avoid being cheated.

Credit refers to the funds directly provided by commercial banks to customers of non-financial institutions, or the guarantee of compensation and payment responsibilities that may occur to customers in related economic activities, including loans, trade financing, bill financing, financial leasing, overdraft, advances and other on-balance-sheet businesses. And off-balance-sheet business such as bill acceptance, letter of credit, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, sale of assets with recourse, and unused irrevocable loan commitment. Simply put, credit extension refers to the behavior that banks directly provide financial support to customers or guarantee customers' credit in related economic activities to third parties.

It should be noted that: 1, 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. 2. Credit refers to various credit business activities of commercial banks, such as customer survey, business acceptance, analysis and evaluation, credit decision-making and execution, post-credit management, and problem credit management. 3. Commercial banks should follow the principle of "implementing conditions first, then implementing credit" when implementing conditional credit. If the credit conditions have not been implemented or the conditions have changed and a new decision has not been made, credit may not be implemented. 4. Credit cannot be equated with loans, and credit is a general concept of risk control. Loans are loans issued by banks or other credit institutions to borrowers, which must be repaid and interest paid within a certain period of time.

Expiration of credit line means that the maximum credit line that a bank or supplier can borrow and credit has expired, and the applicant of the expired credit line cannot use it. April 20th in SMS refers to the credit expiration date. In fact, it is the maturity date of the loan line provided by banks (lending institutions and platforms) to customers. For example, the bank stipulates that the validity period of the loan quota is three years, and customers can freely apply for loans within the quota within these three years. However, after three years, the quota will be invalid, and customers will not be able to borrow these quotas, and the bank will re-evaluate.