5 Important Things To Know About A Term Loan|Personal Loan|EMVertex Credit
The interest rate would depend on factors like the riskiness of the project, amount of loan, credit history of the borrowing firm and structure of the debt. 1. Term loans are usually given for acquiring land, constructing buildings, buying and setting up machinery and equipment, or buying commercial vehicles. 2. These loans are medium to long-term in nature (5 to 10 years) and can be extended to manufacturing firms as well as projects involving trading activities or services. 3. Banks evaluate the project for technical and economic viability before granting term loans. 4. The interest rate would depend on factors like risk. 5. Banks offer rupee as well as foreign currency term loans. Via: Economic Times -News Contact Us ADDRESS▼ 200 Jalan Sultan #02-33, Textile Centre Singapore 199018 PHONE ▼ 6291 6868 EMAIL ▼ enquiry@emvertex.com FAX ▼ (65) 6293 9018 WORKING HOURS ▼ Monday – Saturday : 11am – 7pm Request immediately: EMVertex ...