Summary of non-revolving loan account information is simply to summarize the relevant account information of non-revolving loan once, that is, to display all loan account information. For example, when applying for a loan, information such as loan amount, loan term, repayment situation, etc. They are all displayed in a unified way, and are generally displayed in the credit report.
Non-revolving loan is the antonym of revolving loan, that is, once an account has applied for a loan, it cannot apply for other loans. After the loan is approved, the non-revolving account will charge interest regardless of whether the loan is used or not.
When a user applies for a non-revolving loan, his credit report will show the time, amount, term, subsequent repayment and other information of the loan. Therefore, users must repay on time, otherwise they will leave a bad personal credit record in the credit information.
First, revolving loans refer to loans that can be repeatedly circulated within the loan term. If customers apply for revolving loans, revolving loan accounts will naturally arise. The loan amount, credit term, maximum term of a single loan, loan/repayment record of revolving loan account, etc. will also be reflected in the credit report.
Second, online lending actually means that the online loan quota can be recycled. When applying for online loan products, customers can reuse the credit line within the prescribed credit period. After the loan is used up, the loan amount will usually be restored and the customer can continue to borrow. For example, the credit period of an online loan product is three years, and the customer loans 10000 yuan, that is, within three years, the customer can recover the amount of 10000 yuan.
Whether it is a non-revolving loan or a revolving loan, customers should pay attention to repayment on time, otherwise the overdue bad credit information will remain on the credit information, which will affect personal credit.
3. Revolving loan is a common term in the banking industry and a form of loan. Revolving loans usually include credit loans and mortgage loans. After the user successfully applies for a loan, he can withdraw the loan amount several times within the validity period of the loan, or he can recycle it, that is, he can repay the loan first and then borrow it. If the disposable amount does not exceed the available amount, fill in the withdrawal application form and do not need to apply to the bank again.