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revolving credit or credit "Revolving" credit

revolving credit or credit "Revolving"















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Principle is a credit "reconstituted "that allows a borrower to have and freely continuously for a certain sum of money.

The borrower is granted by the financial institution a cash reserve in which it can draw as they wish provided they do not exceed the maximum allowable .

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repayments each month it does replenish the amount used, the

interest is payable only on amounts actually used.

• Objective
Crédit Permanent responds to a request by the client or to meet an immediate need, either as a reserve safety.

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Beneficiaries

It is awarded to one or more individuals, the borrower and the co-borrower.

• Amount

The credit is generally determined:

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income;

- other loans taken;

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the customer / banker.

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Duration

The contract period is normally 1 year automatically renewable.

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Interest Interest is deducted from monies due at the end of each month. Rates vary according to the practice credit agencies.

• Refunds

The rate of reimbursement is preferred by the beneficiary to the extent of compliance with a minimum monthly .

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Accidental Death The purchase of life insurance is usually required.