Term loans provided by Indian banks can be used to finance the acquisition of fixed assets and working capital. They typically have fixed interest rates and repayment schedules between 1 to 10 years. Banks consider various factors when evaluating term loan applications such as the creditworthiness, reputation, profitability, and financial ratios of the borrower. If approved, loans are disbursed after a thorough financial appraisal of the borrower's cash flows, credit needs, and ability to repay the loan. Syndicated loans involve a group of lenders organized by one or more arranging banks.