This type of arrangement will give you access to a fixed amount of money, which you don’t have to withdraw in its entirety. Instead, you can borrow just a portion you need that month and then repay it with interest. It’s called “revolving” because you can repeat this process multiple times, as long as the arrangement with your lender doesn’t expire. Once you pay off the balance in full, you can borrow the same funds again up to the agreed credit limit without having to apply for another loan.