What is a Term Loan? Check Eligibility & Options Today
Explore term loans for your business. Check eligibility now to find the right financing solution with flexible terms and competitive rates. Apply today Term loans are the amount that are commonly granted to the small businesses. Along with the amount, the repayment schedule of the term loan is also pre-determined. However, these loan interest rate might be fixed or floating. Generally, the tenure of these loans goes up to 5 years, but occasionally, the mandate for these loans can extend up to 10 years.