Term Loan

Granted to be repaid within a prearranged repayment period of time with interest and Paid in a lump sum, monthly, quarterly, semi-annual or annual installments.

Short Term Loan

  • Repayable within 12 months.
  • The loan period is short and self-liquidating in the sense that it generates its own repayment.
  • Used in financing seasonal increase in current assets
  • purchase of raw materials/merchandise
  • No grace period for such loans, but flexible and relaxed repayment term

Medium Term Loan

  • To be repaid between 13 to 60 months (including) grace period.
  • Expected in financing medium term working capital needs and acquisition and/or leasing of fixed business assets (buildings, leased land, machinery, equipment, public transport vehicles, trucks and trailers, etc.),
  • To facilitate the establishment of new projects and the expansion of existing ones
  • If not for working capital purposes, such loans request hall be supported by feasibility study, cash flow projections, and/or projected financial statements.
  • The repayment of medium term loan is usually scheduled on a periodic repayment or installment, based on the cash flow of the business.
  • Grace period based on the justification provided in the feasibility study and/or business plan.

Long Term Loan (Investment credits)

  • Generally extended for capital formation through asset creation.
  • Investment loans bring technological upgrading resulting in increased production, productivity, and incremental income to the borrowers.
  • Intended to create income-generating assets in real sectors of the economy.
  • provided over a long-term period of 5 to 15 years
  • mainly aimed to finance businesses that are projects in nature, viable and profitable projects
  • Purpose includes project financing, backing start up working capitals, purchase of construction equipment, or other physical assets.

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