Online banking at your fingertips. Our user-friendly and secure Bloom Web is designed for total convenience, control and much more. Whether you’re an entrepreneur, a student, or a medium to large sized firm, you wlll find out internet banking platform ideal for your transaction needs.

Our Card Offers

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  • MATURITY – The maturity period of term loans is between 3-5 years
  • NEGOTIATIONS – The term loans are negotiated loans between the borrowers and the lenders. They are akin to private placement of debentures in contrast to their public offering to investors.
  • SECURITY – Term loans typically represent secured borrowing. Usually assets, which are financed with the proceeds of the term loan, provide the prime security. Other assets of the firm may serve as collateral security.
  • INTEREST PAYMENT & PRINCIPAL REPAYMENT – The interest on term loans is a definite obligation that is payable irrespective of the financial situation of the customer. To the general category of borrowers, the bank charges an interest rate that is related to the credit risk of the proposal, subject usually to a certain minimum prime lending rate/ base rate.


  • Payment will be the same every month so budgeting is straightforward
  • Term loan transactions are clear and Easy
  • Term loans have repayment penalties
  • Predictability- a term loan specifies when the interest on the loan will be completely paid. E.g. a 5yr loan will have its interest paid predictably in 5yrs
  • Customers generally use a term loan to get the capital they need to generate additional funds that will pay off the loan.

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