TERM LOAN
- These loans are given mainly for capital investment, which will be of long-term in nature. It could be for building the factory premises, improving the infrastructure, modernisation of the existing structure, etc.
- The repayment period also will be longer and can range between 7 years to 20 years.
- The rate of interest will be based on the profile of the Company, Credit Rating, the quantum and period of the loan.
- The prime security will be the assets created out of the finance and collateral security will be a mortgage of residential/commercial property.