BANKING AFFAIRS

Detailed explanation-1: -3 An intermediate-term loan generally runs more than one to three years and is paid in monthly installments from a company’s cash flow. A long-term loan runs for three to 25 years, uses company assets as collateral, and requires monthly or quarterly payments from profits or cash flow.

Detailed explanation-2: -corporate financing In business finance: Intermediate-term financing. Whereas short-term loans are repaid in a period of weeks or months, intermediate-term loans are scheduled for repayment in 1 to 15 years.

Detailed explanation-3: -A three-year personal loan is a loan that you repay with regular monthly payments over 36 months, plus interest and fees. Three years is one of the most common term lengths for a personal loan. Most lenders also offer five-year terms as well.

Detailed explanation-4: -A long-term loan is generally considered to be a loan with a repayment term longer than five years.

Detailed explanation-5: -Generally, a loan under 12 months is considered a short-term loan. This can vary between products and providers but is usually where you see these loans fitting in. Terms over 12 months is deemed to be in the standard loans category or ‘longer term’.