What are the Types of Term Loans?

Based on the loan tenor, term loans are broadly classified into short-term and long-term loans. Short-term loans are for a short tenor (4-5 years). On the other hand, long-term loans are a long tenor (10-15 years). Based on the needs of your business, you can either opt for a short-term or a long-term loan.

Also Read: Long-term vs. Short-term Business Loan

Money in bank in 24 hours
Apply Now

Please enter your full name as per PAN
Please enter your birth date
Enter 10-digit mobile number
Please enter your pin code
Please enter your address

Is your firm audited by CA

People Also Considered

Flexi Business Loan

Flexi Loan Conversion

Convert your existing loan | Pay lower EMIs by up to 45%*

KNOW MORE
Machinery Loan

Machinery Loan

Get up to Rs.45 lakh to upgrade equipment | Pay only interest as EMI

KNOW MORE
Working Capital Loan People Considered Image

Working Capital Loan

Get up to Rs.45 lakh to manage operations | Flexible tenor options

KNOW MORE
Business Loan for Women People Considered Image

Business Loan for Women

Get funds up to Rs.45 lakh | Minimal documentation

KNOW MORE