Term Loans

What is a term loan?

These are credit facilities mostly used to finance the purchase and acquisition of capital (fixed) assets.

On certain occasions, a loan can also be used to finance working capital needs. Under these facilities, landed property (residential, industrial or commercial) is used to secure the lending. In cases where a loan is used to procure a fixed asset such as a house, machinery/equipment, the Bank may consider taking these to serve as collateral.