BANKING GENERAL KNOWLEDGE
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Detailed explanation-1: -Depending on the financial requirement of the applicant, the loan can be secured or unsecured, i.e., it may or may not require collateral. The tenure ranges from one to five years for unsecured business term loans, and for unsecured business loans, 15 to 20 years.
Detailed explanation-2: -The minimum business loan tenor you can get is 12 months. And the maximum business loan tenor you can get is 60 months.
Detailed explanation-3: -The SBI corporate term loans can support your company in funding ongoing business expansion, repaying high cost debt, technology upgradation, R&D expenditure, leveraging specific cash streams that accrue into your company, implementing early retirement schemes and supplementing working capital.
Detailed explanation-4: -Startups can avail of a business loan between Rs 50, 000 to Rs 50 lakhs at competitive interest rate.
Detailed explanation-5: -They are also called as corporate loans. A couple of examples could include infrastructure finance, working capital finance, term loans, letter of credit etc. These loans are an excellent way for businesses to focus on their growth and generate more revenue.