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Term Loan
This loan is payable in a fixed number of equal installments over the term of the loan. Term loans usually continue from one to ten years.
Basic Information
| Purpose of Loan |
Target Customer |
| Financing any business concern to meet up various regular, short term, medium term, long term capital/ financing of fixed expenditures like expansion of production line, modernization of manufacturing process, extension of capacity and space, purchase of fixed assets etc. |
Manufacturing and service oriented business entities supported by Repayment Capacity. |
Required Documents
- Valid Trade License
- Latest 12 months bank statement
- National ID of business owners
- Utility bill of business
- TIN certificate
- Photograph of the owners
- Registered partnership deed (for partnership firm)
- Memorandum & Article of Incorporation, Form X and XII (for limited company)
- Certificate of Incorporation (for limited company)
- Board/Partnership resolution (for partnership/limited company)
- All facility related offer letters
- Other documents as per bank requirement & business nature
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