Cash Credit for Working Capital:
Ghazanfar Bank offers Cash Credit Facility which is a convenient and
flexible form of short-term financing for routine operating expenses and
overheads of the companies, and the bank finances up to USD 3,000,000 for
single exposure.
In addition, the interest is charged only on the daily loan outstanding
balance and applied at the end of the month thereafter.
Term Loan:
Any credit facility which is stipulated to be repaid in fixed installments over a period of not less than 1 year is to be classified as Term Loans.
Term loans are usually granted to various types of borrowers for
acquiring fixed assets like land, buildings, plant & machinery, equipment,
vehicles etc.
Repayment Schedule;
The usual repayment period of a term loan varies from 1 year to 36
months.
In case of capital intensive projects, it may be higher.
Normally interest on term loan is to be paid with monthly rests from the
date of disbursement while the principle amount is payable on monthly /
quarterly behavior based on decision of Credit Committee (CC) of the Bank.
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