Revolving Term Loan: Loans can vary by the frequency in which a borrower can access money. Receiving the one-time principal amount up-front is considered a ‘term’ loan. On the other hand, a ‘revolving’ loan allows a borrower to receive money whenever they need to – until they reach a pre-determined limit. Credit Cards are a form of revolving term loans. Account-holders are afforded the flexibility on the amount and frequency of using credit, and at the end of the month, pay the principal balance + interest to keep the line of credit available.