> For the complete documentation index, see [llms.txt](https://docs.xyb.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xyb.co/credit/use-case-tutorials/nordic-revolving-credit-line-overview.md).
# Nordic Revolving Credit Line - Overview
The **Nordic Revolving Credit Line** is a flexible credit offering designed to serve consumers with ongoing borrowing needs. Unlike a traditional loan that provides a one-time lump sum, this hybrid product allows customers to **draw funds as needed** within an approved limit, and pay them back over time in structured installments.
This isn’t a standard overdraft or fixed-term loan. It’s a **modern, hybrid credit facility** tailored to Nordic banking use cases and regulations, blending the **accessibility of credit lines** with the **predictability of installment repayments**.
***
#### What Can Banks Do With This Offering?
* Offer **tiered credit limits** and multiple sub-contracts under a single main facility
* Apply **custom repayment rules**, including interest-only periods, partial repayments, and forbearance options
* Use for **margin lending**, high-cost credit, or promotional credit campaigns
* Enable **fee flexibility**, such as up-front contract fees or tiered payout fees
* Automate consolidated billing and repayment schedules across linked contracts
***
#### Key Highlights
* **Parent-child structure**: Main contract with linked sub-contracts (withdrawals)
* **Terms flexibility**: Change schedules mid-contract, apply promotional terms
* **Unified visibility**: One view for all activity under a customer’s credit facility
* **Auto-generated schedules**: Consolidated view of all repayments and fees
* **Real-time disbursements**: Funds paid out immediately to designated accounts
***
#### How It Works (Flow Summary)
1. **Product manager creates the Nordic Revolving Credit product** in the Product Configuration module. [Learn how to do that.](/credit/use-case-tutorials/nordic-revolving-credit-line-overview/how-to-create-the-nordic-revolving-credit-product.md)
2. **Credit contract is created** for a customer (e.g. Eva Jensen). [Learn more](/credit/use-case-tutorials/nordic-revolving-credit-line-overview/how-to-disburse-loans-using-the-nordic-revolving-credit-line.md)
3. **Customer draws funds**, creating sub-contracts (amortized loans) under the main facility
4. **Consolidated repayment schedule** and invoicing managed through the system
5. **Payments are tracked** and updated live, including additional withdrawals
***
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