Term Loan
Expand Your Existing Business
Expand your business and enhance its capabilities with our Term Loans, designed to help you purchase commercial assets, set up a new industrial unit, or modernize your existing operations. Whether you’re looking to acquire equipment, invest in infrastructure, or scale your business operations, our flexible Term Loans provide the financial support you need. With tailored loan options and competitive terms, Global Syndicate Finance ensures you have the necessary resources to grow and succeed in a dynamic business environment. Let us help you unlock new opportunities and elevate your business to the next level.
Key Features of Term Loan
Fixed or Flexible Tenure: Term loans come with a fixed repayment schedule, typically ranging from 1 to 10 years, depending on the loan amount and purpose.
Secured or Unsecured: These loans can be secured by business assets like property, machinery, or inventory, or unsecured based on the business's creditworthiness.
Competitive Interest Rates: Term loans often offer competitive interest rates, making them an affordable financing option for businesses.
Lump-Sum Loan Amount: Businesses receive a lump-sum amount upfront, which can be used for purchasing assets, expanding operations, or other business needs.
Repayment Flexibility: Repayment can be made in fixed installments, offering flexibility in budgeting and cash flow management.
Customizable Loan Amounts: Depending on the business's requirements, loan amounts can be tailored to suit the scale of the expansion or purchase.
Helps in Business Expansion: Term loans are ideal for funding business growth, asset acquisition, infrastructure development, and modernization.
Predictable Cash Flow: Fixed EMIs ensure predictable cash flow, enabling businesses to plan finances better and manage repayments without surprises.
Tax Benefits: In some cases, the interest paid on term loans is tax-deductible, providing additional financial benefits.
Quick Processing: Term loans, especially from established financial institutions like Global Syndicate Finance, come with quick approval and disbursement processes, helping businesses access funds when needed most.
Eligibility to Avail Term Loan in India:
Business Type: Both established businesses and startups are eligible to apply for a term loan. The business must be legally registered, such as a sole proprietorship, partnership, LLP, or private/public limited company.
Age Requirement: The applicant must be at least 21 years old at the time of loan application and should be under 65 years old at the time of loan maturity.
Business Vintage: Generally, businesses should have a minimum operational history of 2 to 3 years. Startups may also be eligible, depending on the nature of their business and growth potential.
Profitability: The business should show consistent profitability for the last 2-3 years, as lenders assess the financial health and ability to repay the loan.
Annual Turnover: Lenders often require businesses to have a minimum annual turnover to demonstrate stability and the ability to repay the loan.
Credit Score: A good credit score (typically above 650) is crucial for term loan eligibility. A higher score indicates a reliable repayment history.
Cash Flow: The business should have adequate cash flow to cover both the loan repayments and operational expenses. Lenders will evaluate financial statements, including balance sheets and profit & loss statements.
Collateral: For secured term loans, the business may need to pledge assets (such as property, machinery, or other business assets) as collateral to secure the loan.
No Default History: The business should not have any history of loan defaults with financial institutions or have a poor repayment history.
Documents Required: Businesses must provide necessary documents, including business registration proof, financial statements, tax returns, KYC documents, and any collateral details, as per the lender's requirements.