Term Loans for Business
Right for you if:
You want to invest up to US$500,000 to grow your business
A term loan can help when you are planning to purchase major fixed assets.
Based on your short or long-term business goals, you have the option of choosing either a fixed or variable rate loan.
Key benefits for you include:
Loans up to US$500,000
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 without penalty
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 payments that can go towards principal and interest, as long as the amount per payment remains the same
Payments towards a fixed rate loan must be consistent – you cannot make full or partial payments without a penalty
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 get lower
Make partial or full principal pre-payments at any time without penalty