Medium Term Loans
Term loans are available to enable corporate customers purchase assets whilst matching finance costs to cash flow produced by the investment.
Medium term loans are designed to help our customers with items of capital in nature such as improvements to their premises, factories and/or purchasing of equipment and processing machinery.
How will my business benefit?
-
Term loans are useful if you can predict the likely revenue streams from the investment and want to match finance costs to revenue or simply if you want to spread the cost of your investment over a period of time so as to avoid unnecessary strain on your cash flow.
-
Term loans, are for a specified fixed period with agreed repayment schedules over an agreed period normally not exceeding 6 years.
How much will it cost?
For medium term loans, interest is calculated at an agreed rate over the full amount of the loan or the outstanding amount whichever is the case.
Interest so charged will be debited to your operating account.
Prospective Customers
All corporate customers who require purchasing of capital items or who want to improve their premises, factories etc.
. 