finvest@audittech360.com +91 8583032712 234/3A, AJC Bose Road, FMC Fortuna, Suite - A14

Term Loan

Get the Best Term Loan to set up / expand your Industrial Unit



Term Loan Features

  • Term loan is given for a longer duration of time ranging from 1 year to 15 years.
  • Repayment of loan happens through regular installments.
  • Rate of interest charged under these loans may be on a fixed or floating basis as decided by the Lender Bank / NBFC.
  • Term loans are mostly used to set up / expand Industrial Unit or to buy a commercial asset.
  • Commitment fee is charged on the unutilized loan amount.

Term Loan vs Working Capital Loan

Particulars Term Loan Working Capital Loan
Purpose Business expansion, Purchase of equipment / machinery or Renovation of office. To manage the Cash Crunch and Working Capital Needs.
Duration Long Term Loan, duration is more than 1 year. Short Term Loan, duration usually is 1 year.
Amount Involves higher Loan Amount. Depending on Business Turn Over.
Repayment Longer Repayment Tenures. Flexible Repayment Tenures.

Get Free Consultations! We’re Ready to Work Together