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A term loan is a loan from the bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate. The loan requires collateral and is appropriate for established businesses with sound financial statements. Term loans are ideal for the purchase of fixed assets such as business equipment to enhance the company’s product process.
Call us on:
5000(MTN & Zamtel)
Email us at:
Zambia National Commercial Bank Plc
P.O Box 33611
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