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Term Loans : Invest in Your Business
- Flexible repayment tenure
- Assessment based on future cash flows
- Composite loans comprising working capital and term loans provided for meeting all financial requirements
- Tenure up to 7 years
Borrow to expand your business and purchase commercial assets
Expanding your business or investing in commercial assets requires the right financial strategy. Whether you plan to purchase equipment, upgrade technology, expand operations, or invest in commercial property, structured funding can accelerate growth and improve profitability. With guidance from an experienced business loan consultant, you can choose the right loan structure tailored to your company’s cash flow and long-term goals.
If you are searching for business loan consultants near me or a trusted business loan consultant near me, our expert team provides complete business loan advisory support — from eligibility assessment to final disbursement. We also assist with loans for consulting business, startups, MSMEs, and even specialized business loans for financial advisors looking to scale operations.
Term Loan: Benefits & Features
No Foreclosure charges
Zero foreclosure charges after payment of 12 EMIs.
Flexible
tenure
Personal Loan with a repayment tenure of up to 72 months.
Fixed Interest Rates
Benefit from stable & predictable interest rates that ensure consistency in your monthly payments.
No collateral required
Secure a Personal Loan without the need to pledge any collateral, simplifying the borrowing process and reducing your risk.
Our small business loan consultant team ensures you select the most suitable funding option for expansion, working capital, asset purchase, or a consulting business loan requirement.
If you operate a consultancy firm and need loans for consulting business, our specialized business loan advisory service helps structure financing aligned with your revenue model.
Interest Rates, Charges, Fees and Commission
Important update pursuant to Reserve Bank of India Circular No. RBI/2023-24/53 dated Aug 18, 2023 on ‘Fair Lending Practice – Penal Charges in Loan Accounts’ (RBI Circular)
The RBI vide its Circular No. RBI/2023-24/53 dated Aug 18, 2023 on ‘Fair Lending Practice – Penal Charges in Loan Accounts’, has advised banks that any penalty, if charged for non-compliance with material terms and conditions of the loan contract, will be treated as penal charges and not be levied in the form of penal interest. RBI has further advised that there will be no capitalisation of penal charges. However, the aforesaid will not affect the normal procedure for compounding of interest in the loan account.
Penal Charges represent charges over and above the normal interest rates/fees levied for default/breach by the Borrower in complying with the material terms of the loan contract. The intent of levying penal charges is essentially to instil a sense of financial discipline and discourage borrowers from defaulting on their obligations, as specified in loan contract/ facility agreement.
The above guidelines would apply to all credit facilities i.e. fund based and non-fund based facilities, save and except Credit Cards, External Commercial Borrowings, Trade Credits and Structured Obligations.
The above-mentioned guideliness are effective from Apr 01, 2024 and applicable for all the fresh loan facilities executed from Apr 01, 2024. In case of existing loan facilities, a switchover to the new penal charges regime will be ensured on the next review/renewal date or before Jun 30, 2024, whichever is earlier. These guidelines will operate in conjunction with other ICICI Bank policies related to pricing and customer disclosures.
Our business loan consultant ensures complete transparency regarding interest rates, processing fees, and regulatory guidelines before you proceed.
Popular Personal Loan (FAQs)
What are the 3 types of Term Loan?
The 3 types of Term Loan are:
- Short-term loans: A loan with a tenure of up to 18 months, usually for working capital needs.
- Intermediate-term loan: A loan with a tenure of 1 to 3 years, usually for business expansion or equipment purchase.
- Long-term loan: A loan with a tenure of more than 3 years, usually for large-scale projects or capital expenditure.
What is a Term Loan and its types?
A Term Loan is a type of loan that provides a lump sum of cash to the borrower for a fixed period of time and interest rate. Term Loans are mostly used by businesses to finance their capital expenditure and expansion needs. Term Loans can be secured or unsecured, depending on whether they require collateral or not.
How is EMI calculated for Term Loan?
The EMI (equated monthly instalments) is the amount that the borrower has to pay every month to repay the loan. It consists of the principal and interest components. The EMI is calculated using the formula:
EMI = P x r x (1 + r) ^ n / [(1 + r) ^ n – 1]
Where,
P = principal or the loan amount r = Term Loan interest rate per month n = Loan tenure in months.
Why Choose Our Business Loan Advisory?
✔ Dedicated business loan consultant for strategic planning
✔ Expert small business loan consultant support
✔ Assistance for startups & consulting firms
✔ Quick support if searching for business loan consultants near me
✔ Customized funding solutions for growth & expansion
Secure the right funding to scale confidently. Connect with a professional business loan consultant near me today and take the next step toward sustainable business growth.