Term Loan
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
Agricultural Term Loan
Domestic Trade and Service Term Loan
Foreign Trade and Service Term loan
Manufacturing Term Loan
Building Construction Term Loan
Building Construction Term Loan
Transport Service Term Loan
Transport Service Term Loan
Automobile Term Loan
