Purpose-Specific Financing
Designed for specific needs, such as asset purchases or funding expansion projects, ensuring efficient use of funds.
Term Loan
Term Loans are structured to support major investments or expenditures, featuring floating interest rates that adjust with market conditions, offering a balance of predictability and flexibility in financial planning. Ideal for business expansion or substantial personal purchases, this loan type includes structured repayment schedules and is available in both secured and unsecured formats. With extended durations, it distributes the cost across several years, easing repayment.
Features
Variable Interest Rate Flexibility
Variable interest rates offer flexibility and potential cost savings in a declining rate environment, aligning with your financial strategy.
Secured and Unsecured Options
Available as both secured and unsecured loans, catering to borrowers with varying collateral availability.
Prepayment Options
Includes prepayment options, allowing for early loan closure under certain conditions, potentially leading to interest savings.
Advantages of Term Loan
Floating Interest Rates
Floating rates adjust with market conditions, potentially lowering your costs when interest rates decrease, offering a dynamic approach to loan management.
Structured Repayment
Features a structured repayment schedule, facilitating systematic financial planning throughout the loan term.
Large Loan Amounts
Enables access to significant loan amounts for major investments, supporting business growth or substantial personal expenditures.
Longer Tenure
Provides longer repayment periods, spreading the cost over several years for more manageable repayments.