2 min read
Definition
Tenor is the term of a loan or facility — the period until it is fully repaid or reaches maturity. It is closely related to, and often used interchangeably with, "term".
In plain terms
A short tenor means higher payments but less total interest; a long tenor eases monthly cash but costs more overall. The right tenor matches what the money is for.
Why it matters for your company
Fund short-term needs with short-tenor working-capital facilities and long-life assets with long-tenor term loans. Compare tenors with the loan comparison calculator.
Related reading
Maturity
Maturity is the date on which a loan or facility reaches the end of its agreed term and the outstanding…
Read →
Term loan
A term loan is a fixed lump sum borrowed upfront and repaid over a set period in regular instalments of…
Read →Working capital facility
A working capital facility funds the day-to-day gap between paying suppliers and being paid by customers —…
Read →Amortisation schedule
An amortisation schedule is the table breaking every repayment into interest and capital, showing how the…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.