Term Loan for Purchase of Machinery
Term loan are provided for acquiring or constructing or installing or establishing capital assets, which will provide returns over a period of time. Term loans will also be repaid in regular payments over a period of time, as the asset generates returns. Term loans are usually provided for acquiring or constructing building and acquiring or installing plant and machinery. Term loans in India are provided for a tenure of anywhere between 3 to 10 years based on the project, projected financials and other factors. The interest rate for the term loan will be based on the credit worthiness of the borrower and is usually a fixed spread over the banks base lending rate.
Term loan is a type of loan, which has to be paid in regular installments over time. Term loans are typically sanctioned for a acquiring or constructing or installing capital assets like building, plant and machinery.
Bank Loan Syndication
Bank Loan Syndication is the process of formulating a credit request, preparing a detailed project report along with the necessary documents, submitting the requests to banks or financial institutions and obtaining sanction & disbursement of credit facilities.
Loan without Collateral
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme provides a way for Entrepreneurs to obtain a bank loan of up to Rs.1 Cr without any collateral security.
A well drafted Detailed Project Report will ensure easy approval of the requested credit facilities. So an experienced Financial Professional with good writing, presentation and financial analysis skill must prepare the Detailed Project Report.
Adroit Corporation Can Help
Adroit Corporation has experience financial professionals who syndicated bank loans for hundreds of business. Our Financial Professionals will provide end-to-end support on the loan syndication process.
The processing time for obtaining a bank loan is anywhere between 1 and 3 months. However, the processing time will depend on the information submitted by the promoter, information requested by the bankers and a host of other factors