Revolving Credit

Overview

Revolving Credit is similar to a line of credit, with the difference being that Revolving Credit does not have a fixed repayment schedule.

You may draw down funds from your available balance at any time, and can select to pay the interest monthly, quarterly, semi-annually or annually.

What you should know before you apply

• A spread is added to the interest rate that reflects the risk, size, and the term of the loan.
• Interest rates are based on the Bermuda Base Rate, US Prime or LIBOR.
• A Commitment Fee or Arrangement Fee is charged and is dependent on the purpose, amount and term of the loan.

You may also be interested in...

• Lines of Credit
• Demand Loans