Term Loan for business

  • Right for you if:
    You are planning to purchase major fixed assets

    A Term Loan can help when you are planning to purchase major fixed assets.

    Based on your short- or long-term business goals, you can choose either a fixed- or variable-rate loan.

    Key benefits of the Term Loan for business:

  • Flexible payment options and terms that let you to match your loan to your cash flow

  • Competitive fixed or variable interest rates

  • Flexible repayment periods of up to 15 years

  • Options to make partial or full pre-payments at any time

  • A fixed-rate loan offers you the peace of mind of consistent payments, regardless of fluctuations in base interest rates.

  • Lock in at a specific fixed-rate for lower borrowing costs when you make regular payments

  • Maintain your budgeted costs even when base interest rates rise

  • Make blended payments that can go towards principal and interest

  • A variable-rate loan provides you the opportunity to save on interest costs immediately when the base interest rate decreases.

  • Save money when interest rates decrease

  • Make partial or full principal pre-payments at any time

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