Term loans are generally provided for acquiring income-producing assets (machinery, equipment, and inventory) that generate the cash flows for repayment of the loan.

Short Term Loans (mainly for Working Investment)

• This is an asset based short-term loan payable in a fixed number of equal installments over the term of the loan.

• These loans are set for 1 year or less

Medium Term Loans (Capital Expenditures)

These loans are set between 1 and 3 years

Long Term Loans (Capital Expenditures)

These loans are set for more than 3 years.