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Term Loan

Every business has a mission and vision to follow, but to achieve these you need to have an adequate capital to finance your business operations. Any loan that is given to existing businesses towards working capital, expansion activities or other unexpected business needs is a business loan.

Term loan is given for a period from 3 to 7 years depending upon the size of the investment and repayment capability of the company (Financials of Company and Owner / Directors). The rate of interest depends on project, sector and bank prime lending rate.

Silent Features:

  • Collateral: At least 50% of the loan amount in the form of immoveable Property / Personal guarantee of all the promoters & guarantee of persons owning property given for security.
  • Margin: 25%
  • Rate of Interest : 13% to 15%