Loans which have the following features: the borrower may use or withdraw funds from the account up to the pre-approved credit limit without giving prior notice to the MFI; the amount of the available credit may increase or decrease as funds are borrowed or repaid; credit may be used recurrently.
The definition of the concept is consistent with Regulation (EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit institutions and of the monetary financial institutions sector (recast) (ECB/2021/2).
Revolving loans
Published
Updated