A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually scheduled between one and five years. The ability to repay over a long period of time is attractive for new or expanding enterprises, as the assumption is that they will increase their profit over time. Term loans are a good way of quickly increasing capital in order to raise a business’ supply capabilities or range. PLFS always beside you when you are in need.
- Usually for a term of 1 (one) to 5(five) years.
- Repayment through monthly or quarterly installments.
- PLFS demands a good & valued security before lending.
- After the end of the loan term the security should be transfer to the borrower.