A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.               


As an entrepreneur your persistent goal is to grow and expand and to elevate your business to the next level of playing field. It can be a business opportunity you want to seize or an unexpected but urgent need; customized business loans against property or any other asset help you unlock the maximum potential of your assets to meet your requirements.


Term Loans are extended for the purpose of acquisition of fixed assets. viz., land, building, plant and machinery for setting up of new industrial units or expansion/modernisation of existingunitsFinancing for the purchase of second hand machinery (both indigenous as well as imported) can also be considered subject to certain conditions .

Key Strengths:

Will normally finance upto 75% of the value of fixed assets and the balance amount should be brought by the applicant as margin. However depending upon the activity and quantum of advance the bank may either increase the margin or decrease the margin

Leave a Reply

Your email address will not be published. Required fields are marked *