What is a Revolving Credit? | Explained

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 11

  • @bcrobson
    @bcrobson 9 หลายเดือนก่อน +1

    Very informative & excellent presentation. Thank you.

  • @Immort4lsynergy
    @Immort4lsynergy ปีที่แล้ว +1

    Nice one Ed. Awesome to see how far you have come. I still remember playing table tennis with you on your first day at DSC.

  • @FranSilvaAu
    @FranSilvaAu หลายเดือนก่อน

    What about borrowing capacity ? It is still the same as coming from the original loan? I do have offset accounts and it seems better

  • @GauravAgarwal247
    @GauravAgarwal247 ปีที่แล้ว +1

    Very informative!

  • @ahv5457
    @ahv5457 7 หลายเดือนก่อน +1

    Thank you! Very helpful.

  • @manilkapoor
    @manilkapoor 2 ปีที่แล้ว +1

    Good information. Please also add some key points banks consider when a request for RC goes to the bank.

  • @rapatel1642
    @rapatel1642 2 ปีที่แล้ว

    Would you use it in 2022 with high interest rates?

  • @charmendro
    @charmendro ปีที่แล้ว +1

    given that the interest rates are subject to change, does that mean one month I'm paying 2% and the next it might spike to 5%?

    • @SpectacularSewing
      @SpectacularSewing ปีที่แล้ว +2

      Yes although I imagine it’s rare interest rates would go from 2-5%. It would be a slow increment over time. In that case I think you could change that RC to a fixed rate if you anticipate a quick increase

  • @ownerjlddshjlsszdjk1522
    @ownerjlddshjlsszdjk1522 2 ปีที่แล้ว

    Is it true?
    if you get a revolving credit 100k you have to pay the bank 200k to close it.

    • @lntg
      @lntg ปีที่แล้ว

      I don’t think that’s true but regardless you could let it sit at $0 owed on the revolving credit so you’re not paying interest.