Long Term Loans

Term Loans are a structured form of borrowing intended to finance specific transactions or assets.

This is a contract between a borrower and the Bank where the customer is provided a loan amount either in local or foreign currency for a period not exceeding one year. Interest is charged on the individual drawings made under the loan at a rate agreed at the time of the drawing.

This is a contract between a borrower and the Bank whereby the Bank provides the borrower with a certain currency (in this case domestic), for a period in excess of one year and up to 5 years. Drawings against the loan are usually made in one amount. The principal and interest will be repaid over the tenure of the loan as per the agreed terms.

This is a contract between a borrower and the Bank where Standard Chartered Bank provides the borrower with a certain amount for a period in excess of 5 years and up to 7 years.