Püsivkrediit

Püsivkrediit, also known as revolving credit, is a type of credit line that allows borrowers to draw and repay funds repeatedly up to a certain limit. Unlike an installment loan with a fixed repayment schedule, püsivkrediit offers flexibility in how and when funds are accessed and repaid. It is often associated with credit cards or lines of credit offered by financial institutions.

When a borrower uses püsivkrediit, they are granted a maximum amount of money they can borrow. As they repay the borrowed amount, the available credit is replenished, allowing them to borrow again. Interest is typically charged only on the outstanding balance. This type of credit is useful for managing fluctuating expenses or for ongoing projects where the exact cost is not initially known.

The terms of a püsivkrediit agreement usually include an annual fee, interest rate, and minimum payment requirements. It is important for borrowers to understand these terms to avoid accumulating high interest charges or negatively impacting their credit score. Responsible use of püsivkrediit involves making timely payments and keeping the balance below the credit limit.