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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Lending
- Types of lending
Overdrafts, term loans and revolving credit facilities
The three common types of loan facility are:
- • overdrafts;
- • term loans; and
- • revolving credit facilities (RCFs).
This guidance note outlines the features of the loan facilities and considers the advantages and disadvantages of each type of loan facility from a borrower's perspective.
See Overdrafts, term loans and revolving credit facilities.