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About the product

What is a Term Loan?

A Term Loan is a type of Business Loan that is provided by financial institutions for a specific period. The loan amount and repayment period are fixed at the time of disbursement. Term Loans are repaid at regular intervals through monthly repayment schedule. Term Loans are used to finance long-term capital investments, such as the purchase of machinery, equipment.

Collateral Flexibility

Offer residential, commercial, or industrial property, or liquid securities as security to avail the loan.

Dedicated Relationship Support

A business banking specialist is assigned to assist you throughout the loan journey- from application to disbursement- for personalised guidance and faster resolution.

FAQs

When does ICICI Bank provide the Term Loan facility?

A Term Loan can be offered for commercial assets, to set up a new industrial unit or to expand/modernise your existing unit.

What type of collateral is accepted for a Term Loan?

A Term Loan is offered against residential / commercial / industrial property and liquid collaterals.

What is the maximum tenure offered for a Term Loan?

The maximum tenure offered for a Term Loan is 7 years.

T&C Apply