Replacement loans mainly refer to replacement personal housing loans, which are mainly used in commercial housing loans at present. They are loans issued by banks to borrowers who paid in full when purchasing commercial housing, which are used to replace their non-loan debts in the previous period and set mortgage on the housing.

There is no such term as "replacement loan" in the types of credit products of banks. Replacement loan describes the loan from the perspective of loan use.

two understandings of replacement loans, "one is that after an enterprise repays the loan with its own funds, it will be filled by loans from other banks, and the other is to repay the loan from another bank", which represent two different purposes of replacement loans. If we trace back to the source, the essence of the two replacement loans is the same, both of which are to replace the loan from another bank with the loan from one bank. However, if we think about it carefully, they are the same.