Short and Medium Terms are loan facilities that are normally payable within year, such facilities include over draft, Letter of credit, guarantees and so on. Short term loans are ideal for financing working Capital needed for business and can also be used to finance the business expansion for promising business that are facing working capital shortage but are profitable and leave high cash flow.

This credit facility is normally advanced to salaried employees to finance the purchase of assets, paying housing bills and other general purpose. The repayment method depends on the purpose and installment payment which are deducted from monthly salaries. Employers general guarantee such personal loans. This loan attracts lower interest rates i.e 18% with repayment period of 40 months with no grace period.