Term Loan/Cash Credit

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Term and CC Loan

Are you looking to apply for a Term Loan for expansion of your business? If you need urgent financing to expand your business or buy machinery and equipment for your organisation, you can opt for a Term loan, upgrade your business equipment or grow your business, you can apply for a Term loan to help your business flourish.

Small and medium businesses go for term loans to cater to their working capital and expansion fixed asset needs.

It is called a “term loan” because it is typically repaid over a fixed period of time, or “term,” which usually varies between 3 to10 years. The loans may have a fixed or variable interest rate.

You can avail term loans through both secured and unsecured credit. This will, however, depend on the eligibility of the borrower.

You need to pay EMIs as per the repayment schedule. For example, every term loan has a fixed repayment schedule. You can calculate their EMIs with the help of an online EMI calculator.

You can easily avail these loans without going through much hassle. The application process is easy.

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