Term loan are provided for acquiring, constructing, installing or establishing capital assets, which will provide returns over a period of time. Term loans are usually provided for acquiring or constructing building and acquiring or installing plant and machinery.
Term loans are repaid in regular payments over a period of time, as the asset generates returns. The interest rate for the term loan will be based on the credit worthiness of the borrower and is usually a fixed spread over the banks base lending rate.
Filing Samadhan will assist you in applying and getting sanction of term loans from banks. Term loans can be availed for both green-field as well as brown-filed projects.
Filing Samadhan will be able to advice you on the proposed quantum of loan, repayment type, repayment tenure and schemes available, after understanding your business and requirement.
Filing Samadhan will also help you in preparing a project report.