Term loan can be used for purchasing land, building or machinery for starting a new business or expanding an existing business.
These are provided for acquiring or constructing or installing or establishing capital assets, which will provide returns over a period of time.
Term loans will also be repaid in regular payments over a period of time, as the asset generates returns. Term loans are usually provided for acquiring or constructing building and acquiring or installing plant and machinery. Term loans in India are provided for a tenure of anywhere between 3 to 10 years based on the project, projected financials and other factors. The interest rate for the term loan will be based on the credit worthiness of the borrower and is usually a fixed spread over the banks base lending rate.
We can help your business apply and obtain sanction of term loans from banks. Once we obtain an understanding or your business or proposed business, our Financial Experts will then advice you suitably on the proposed quantum of loan, repayment type, repayment tenure and schemes available.
Contact us today and we can help you for getting your loan.