5 Important Things To Know About A Term Loan｜Personal Loan｜EMVertex Credit

-
loan1.jpg​
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 Credit

留言

張貼留言

這個網誌中的熱門文章

A Quick Guide Through Holiday Loans｜Personal Loan｜EMVertex Credit

-
圖片
Are you finally ready to treat yourself to the popular Turkish ice-cream vendors or just devour the famous Pho in Vietnam, watching the sunset in the backdrop? Dreams are bliss, and thankfully these days, you can actually live them. The new generation today, is aware of how easy it is to manifest their travel dreams in reality whether they have saved or not! The internet and technologies have also made all the processes right from planning to finances simple and accessible. If expectations are not met at the speed of their thoughts by one organization, it is easy for them to move onto the next option. No one understands this better than e-commerce platforms, which offer multiple customized products to them. Even digital NBFCs have tailor-made loan products to meet their growing demands. Travel is no longer a trend, It’s a necessity for millennials. It provides them with enriching experiences, transforming their outlook towards their lives and careers. Families and managers,...
閱讀完整內容

Know When To Part Prepay A Home Loan｜Personal Loan｜EMVertex Credit

-
圖片
  If you have a home loan, it is possible that you might have faced the dilemma at least once whether to make part prepayment of your home loan or invest that extra sum you might have received as your bonus. As home loan is generally one of the biggest loans one might avail of during the lifetime, and there is no prepayment penalty, you would want to get rid of it as soon as possible and be debt-free. However, making the decision whether to make part prepayment or invest the sum is not that easy in case of home loans because there are multiple factors that you need to consider, including the rate of interest on loan, remaining tenure, rate of return from the investment, tax benefit forgone on interest and principal repayment, among others. However, there are certain situations when it is advised to make the part prepayment rather than investing. Let’s explore them. Rate of return is lower In case you are planning to prepay your loan, you first need to calculate the opportunity cost...
閱讀完整內容

Is it possible to redecorate that house and have enough

-
圖片
photo to  erares mortgage 1. I am a youth group, recently bought a new house, but have not enough money. I want to create our own dream home. How to successfully apply for a loan to decorate and relieve me of the packaging cost? 2. Out of the high house of age, the whole house condition is very poor, want to overhaul and replacement of old equipment, such as: sanitary ware, tile, water pipes, etc., the budget of the project cost is quite high. How to get the smart loans and have more abundant fund use? Photo to pixabay Object: 1.Young people who want to buy second-hand housing 2.People who have the old house and want to overhaul 3. People who want to change the pattern of old equipment 4. People who don't have enough cash We provide high-quality service to help you successfully bid for renovation loans. Through EMVertex Credit Singapore's latest renovation loans, and build your dream home. Through EMVertex Credit Renovation loans to enjo...
閱讀完整內容