total credit refers to the stock management index of short-term credit business approved by commercial banks for customers, which can generally be divided into single loan credit line, borrowing enterprise line and group borrowing enterprise line. As long as the credit balance does not exceed the corresponding business variety index, regardless of the cumulative amount and the number of times of issuance, the business department of commercial banks can provide short-term credit to customers quickly, that is, enterprises can conveniently recycle the short-term credit funds of banks, thus meeting customers' requirements for the rapidity and convenience of financial services.

credit balance. The credit here refers to a credit loan among bank loans. Bank loans are mainly divided into two categories. One is line loans, that is, when a customer applies for a line loan from a bank, the bank will grant a line of credit to the customer within a certain period of time according to the customer's credit information, operating conditions and collateral value, and the customer has the right to withdraw the loan within a certain period of time within the validity period of the line; The other is a single loan, that is, a loan that begins to bear interest from application to issuance and expires after settlement. As long as the customer does not withdraw the loan, there is no interest on the line loan, and it can be recycled within a certain period of time.

according to the personal information of users, financial institutions will give a total amount of loans after preliminary evaluation, which is the total amount of credit. If users want to apply for loans, they must apply within the scope of this total credit. After applying for a part of the loan, the remaining amount will be called the balance, and the balance is the part that can be borrowed again. However, even if there is a credit line, it does not mean that the user can pass the audit when applying for a loan, and the loan audit is much stricter than the initial evaluation.

what do you mean by total credit and balance?

it is reported that financial institutions will give a total amount of loans after preliminary evaluation according to the personal information of users, and this total amount is the total amount of credit. If users want to apply for loans, they must apply within the scope of this total credit.

after applying for a part of the loan, the remaining amount will be called the balance, and the balance is the part that can be borrowed again. However, even if there is a credit line, it does not mean that the user can pass the audit when applying for a loan, and the loan audit is much stricter than the initial evaluation.