OneTouch Structured funding, clear repayment.
A Term Loan is a fixed amount disbursed upfront and repaid over an agreed tenure through regular instalments. It suits a defined, one-time requirement – machinery, a new unit, a renovation or any planned investment where the cost is known in advance.
What this facility gives you.
Predictable EMIs
A defined schedule makes the obligation easy to budget for over the life of the loan.
Purpose-led funding
Well suited to capital expenditure, equipment purchase and planned expansion.
Secured or unsecured
Structured with or without collateral depending on the amount and the profile.
Who it suits
- Capital expenditure with a known, one-time cost
- Machinery, equipment and infrastructure purchases
- Setting up a new branch, unit or production line
- Businesses that prefer a fixed schedule over a revolving limit
Documents usually required
- KYC of applicant and co-applicant
- Business registration and constitution documents
- Last 6–12 months bank statements
- Latest ITRs with computation and audited financials where applicable
- Quotation or proforma invoice, where the loan funds an asset purchase
The final checklist depends on the lender, your constitution type and the facility structure.
How Term Loan is typically structured.
Indicative only. Every lender applies its own policy, and your sanctioned terms come from the lender assessing your case.
| Type of facility | Term Loan with scheduled EMI repayment |
|---|---|
| Security | Unsecured or secured, depending on amount and profile |
| Indicative tenure | 12 to 84 months, lender and structure dependent |
| Repayment | Monthly instalments over the agreed tenure |
| Assessment basis | Repayment capacity, financials and credit history |
Frequently asked.
When does a Term Loan make more sense than an Overdraft?
When the requirement is a single, known amount – buying a machine, fitting out a premises. If the need is recurring and hard to predict, an overdraft usually fits better.
Can a Term Loan be prepaid?
Most lenders allow prepayment, though foreclosure charges and lock-in conditions differ. We confirm those terms from the sanction letter before you commit.
Is a Term Loan available without collateral?
For eligible profiles, yes. Larger amounts and longer tenures are more often structured with security.
Other loan solutions.
Business Loan
A Business Loan helps you fund expansion, inventory, equipment, hiring or any other legitimate business requirement.
Learn more →Loan Against Property
A Loan Against Property lets you raise funds against a residential, commercial or industrial property you already own, while continuing to use it.
Learn more →Overdraft
An Overdraft gives your business a sanctioned limit it can draw from as needed.
Learn more →Considering Term Loan?
Share a few details and our team will assess your profile and come back with the options it supports.