Term Loan- A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but May last as long as 30 years in some cases
Working Capital Loan- A working capital loan is a loan that has the purpose of financing the everyday operations of a company. Working capital loans are not used to buy long-term assets
Letter of Credit- A letter issued by a bank to another bank (especially one in a different country) to serve as a guarantee for payments made to a specified person under specified conditions.
Bank Guarantee- A Bank guarantee is a promise from a bank that the liabilities of a debtor will be met in the event that you fail to fulfil your contractual obligations. ICICI Bank’s Bank Guarantees
Loan against Property- A loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property’s market value, usually around 40 per cent to 60 per cent
Home Loan- A sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms