Long terms loan

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Long Term Finance
24 By 7 Loans
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Introduction

• A loan is amount of borrowed money by bank of
  any loan firm. Which is repaid in the future
  according to a pre-arranged schedule and at a
  specified rate of interest.
• A monetary loan that has to be repaid in regular
  payments over a set period of time is referred to
  as a long term loan.

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• . Term loans are a good way of quickly increasing
  capital.
• One thing to consider when getting a term loan is
  whether the interest rate is fixed or floating

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CHARACTERISTICS OF Long Term LOANS

• Repayment Schedule
• Interest
• Security
• Eligibility
• Guarantor

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BENEFITS OF TERM LOAN

• Repayment style - choose from capital and
  interest, capital only or interest only
• Repayment frequency - pick the frequency that
  suits you from monthly, quarterly, half yearly
  and yearly
• Staged drawdown - save on interest costs and
  enjoy lower initial payments
• Make one-off repayments - use surplus cash to
  reduce interest charges and benefit your business
• Flexibility

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Who can have a Long Term Loan?

• It is an attractive fast unsecured loan for new
  or expanding enterprises, as they have huge time
  to repay the loan amount and it is assumed that
  they will increase their profit over time.
• For raising a business supply capabilities or
  range, term loans are a good way of increasing
  capital in a short span of time

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