A term loan is a loan granted for working capital, asset financing and/or project finance to be repaid within a specific period of time with interest. The loan is repaid in a lump sum on maturity, or in periodic installments (i.e. monthly, quarterly, semi-annually, or annually), depending on the nature of the business and its cash flow. Term loan is classified into three types. They are Short-Term Loan, Medium-Term Loan and Long-Term Loan.

The maximum duration of Short-Term Loan, Medium-Term Loan and Long-Term Loan is one year, five years and fifteen years, respectively inclusive of any grace period.

TARGETS :
Business Firms

We extend various types of term loans to our esteemed customers
They include