A Term loan is a credit facility legally committed to a borrower for a specified amount, tenor and rate to finance specific transactions, capital projects or a customer's expansion programme with pre-agreed repayments schedules. Private national security bank provides its corporate customers with competitive rates and terms on term loans.
An Overdraft Facility is a line of credit which allows a customer write cheques for more than the actual balance on the customer's account with a finance charge on the excess. Simply put, it is an open credit, which can be used repeatedly until the balance on the account reaches a pre-arranged limit with a specific repayment date, usually one year.
A Lease Finance is fundamentally a business arrangement where the owner of an asset (lessor) allows another person (lessee) to have possession and use the asset for a consideration (rental). The rentals are fixed payments made on stipulated dates.
Private national security bank's Lease Facility enables businesses obtain specific type of assets such as plant and machinery, vehicles and computers etc while enjoying significant cash flow advantages derivable from the structure of the lease transaction which is usually customer tailored.
A Revolving Credit Facility is usually structured as short-term facility where the customer repays each drawing by a fixed period of time, usually from 30 to 180 days. The customer may re-borrow sums as needed up to the limit of the facility.
This facility is usually for companies in stable industries with strong financial planning systems and is usually used for financing a company's permanent working capital. The facility tenor usually may not exceed 3 years.