Krediidilimiid

Krediidilimiid refers to the maximum amount of credit that a lender is willing to extend to a borrower at any given time. This limit is established based on a variety of factors, including the borrower's creditworthiness, income, existing debt, and the lender's risk assessment policies. It applies to revolving credit lines such as credit cards, personal loans, and home equity lines of credit.

Once a krediidilimiit is set, a borrower can draw upon the available funds up to that limit. As the borrower repays the outstanding balance, the credit becomes available again for use, up to the original limit. The krediidilimiit is not a fixed loan amount; rather, it represents the ceiling for borrowing. Lenders regularly review krediidilimiid and may adjust them based on changes in the borrower's financial situation or market conditions. Exceeding the krediidilimiit can result in fees or penalties from the lender.