Is the revolving loan of rural commercial banks a mortgage loan?
Revolving loans of rural commercial banks are not mortgage loans. Mortgage loan is to use real estate as collateral, and the loan amount reaches 70% to 10%. Revolving loans refer to borrowers who apply for individual housing loans in China Agricultural Bank or borrowers who have applied for individual housing loans in China Agricultural Bank, and can be used as revolving loans for consumer spending. The two are different.