Term loan refer to a loan with a fixed repayment period, the borrower must repay the principal and interest of the bank at the expiration of the agreed loan period.
Product functions and features
Usually to meet the short-term liquidity needs of customers in the process of production and operation, ensure normal production and operation activities, or provide financial support for the borrower’s specific investment or purchase of the fixed assets, such as the construction of factories, the purchase of machinery and equipment, property decoration,etc., the tenor generally ranges from one year to five years.
Principal and interest are repaid by instalments in a pre-agreed manner, loans cannot be recycled.
2. Applicable objects and basic conditions
Applicable customer scope
Industrial and commercial customers who have capital needs due to the turnover of specific investments in business operations or the purchase fixed assets.
Customer success conditions
Good operating condition, legal and stable operating income and ability to repay principal and interest on schedule. The person in charge has integrity and financial affordability.
