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What is Term Loan?

What is Term Loan?

Term loans are short-term loans offered to businesses for capital expenditure and expansion among others. Generally having a tenor up to 5 years, these loans are tailor-made to suit the various financial needs of businesses. Minimal documentation, quick disbursal of funds, and flexibility in repayment are some of the major benefits of these loans.

Also Read: Types of Term Loan

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