General

A term loan is a lump sum of capital provided upfront, which the customer repays over a fixed term with regular repayments. Funds are deposited directly into the customer’s account and used for a specific business need, with a clear repayment schedule and end date.

A Term Loan is better suited to structured funding needs where fixed repayments and a defined term are preferred. It is designed for business needs where customers want certainty over repayments and a clear repayment timeline, rather than flexible access to funds.