Term Loan Advantages and Disadvantages

Advantages of term loans

             Short Term loans are usually given without any collateral.
             Easy and fast processing
             Less paperwork required
             Can provide you much needed cash easily
             You can schedule your repayments according to your income.
             Rate of interest is quite competitive.

Disadvantages of term loans
             Banks usually provide these loans for short tenure.
             25% of the required amount is to be arranged by company itself.

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