Term Loan

Brief about the product

A term loan is a monetary loan that is repaid in regular payments over a set period of time, usually between two and five years. A term loan usually involves an unfixed or floating interest rate that may involve an additional balance to be repaid.

Term loans make sense when used for buying assets which generate cash to repay the loan, such as inventory, equipment, vehicles and machinery. These assets can be used to generate income that helps to repay the loan while making a profit.

Term loans are designed to fund capital expenses like setting up fresh units and expanding or modernizing projects in both infrastructure and non-infrastructure sectors. Long-term business growth is undoubtedly supported with the help of term loans.

Term Loan Benefits

Benefits to the customer

Term loans make it easy to repay the loan in convenient fixed intervals. You have the luxury of selecting either long-term loan or short term business loans, depending upon your personal situation. Of course, the sooner you pay off a loan, the better your credit loan history and the better your eligibility for future loans.
Besides these advantages, term loans with EFL have added benefits like:

Finance in just 7 days
Easy documentation
Flexible schemes
Machine as Collateral
LC/TT opening facility for imported machines

How it differentiates itself from other products in the market

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    Term loans conventionally represent a guaranteed method of borrowing. Usually, assets that are financed with a term loan acts as the prime security, while the rest of the company’s assets may serve as a source of collateral security.

  • Affordable Term Loan -Electronica Finance Limited


    From any company’s perspective, these loans are a cheap source of funds and can be acquired without too much hassle.

  • Flexible Term Loan -Electronica Finance Limited


    You get doorstep service, with less paperwork and less time consumed.

EFL provides both short term and long term loans for SME capital expenditure assistance. Longer maturity loans mean smaller instalments to pay, enabling better cash flows for your enterprise. The decreasing or fully amortized equal payment schedule makes for ease in repayment.