About Term Loan

Term loans are frequently offered to small firms needing funds to acquire equipment, a new facility for their manufacturing processes, or any other fixed assets to keep their operations running. Some firms borrow the funds they require to function every month. We have created term loan products expressly to assist businesses in this manner.

By approaching us, business owners can apply for term loans, in the same manner, they would pay for any other credit facility. Borrowers who are approved get a lump sum of money and are obliged to make payments over a certain length of time, generally monthly or quarterly. Term loans have a fixed or variable interest rate and a fixed maturity date. If the funds are used to finance the acquisition of an asset, the item’s useful life span may influence the repayment plan.

The loan needs security and a thorough vetting procedure to limit the risk of default or inability to make payments.

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Term Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a Term Loan.


Maximum age of applicant at loan maturity: 60 years


Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

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