Commercial Term Loan
Budget for your long term funding requirements
You need to purchase capital assets, finance a business expansion, acquire a competitor, or refinance an existing debt. You need financing that offers consistent payments on a predictable payment schedule.
ICICI Bank Canada offers term loans that fund your asset purchases and support your business growth.
Term Loans Available:
- Canadian Dollars
- U.S. Dollars
Medium to Long-term Funding: Term loans granted by ICICI Bank Canada are for a fixed term.
One-Time Financing: The non-revolving term loan has a pre-determined expiry date and the amount cannot be redrawn once it is repaid.
Competitive Interest Rates: Interest on a term loan is variable and is linked to the Prime Rate.
Take advantage of Term Loan funding to finance your business growth.