Create term loan

About this business activity

A term loan is a loan that must be repaid in full at the end of the term. The main reason to take out a term loan is to finance a large purchase such as a car or a house.

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Relevant Contract Types

πŸ’Έ Term loan agreement

A term loan agreement is a binding contract between a lender and borrower that outlines the terms of a loan, including the repayment schedule, interest rate, and collateral. The agreement also sets forth the rights and obligations of both parties.

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