This loan is paid off in monthly instalments over two to seven years, sometimes longer. This type of loan is suitable for capital expenses.
- Interest is linked to prime.
- The amount of the loan, the interest rate and your repayment plan depend on how much collateral you have, and the value of the assets you want to buy.
- You can agree to a repayment plan that suits your business and cash flow
- We will not call for repayments faster than the terms agreed to, provided the terms and conditions of the loan are being met