A term loan may be is for equipment, property or working capital paid off between 1-25 years. Term loan has a fixed or variable interest rate with a monthly or quarterly repayment schedule and a fix maturity date. The loan requires collateral approval process as to reduce the risk of repayment. Term loan is best for small business who have sound financial statements and a substantial down payment to minimize payment amounts and total loan cost.
Bank Syndication- A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers
Working Capital Loan- A working capital loan is a loan that has the purpose of financing the everyday operations of a company. Working capital loans are not used to buy long-term assets
Letter of Credit- A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.
Bank Guarantee- A Bank guarantee is a promise from a bank that the liabilities of a debtor will be met in the event that you fail to fulfil your contractual obligations. ICICI Bank's Bank Guarantees
Loan against Property- A loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent
Home Loan- A sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms
Getting Business understanding
Advisory Relating to Term Loan
Team would prepare project Report
Sanction and disbursement
Follow and reply to queries
Submit Request for credit
Required Documents would be communicated while finalisation of scope of services