Loans which are initially drawn down to the full amount and repaid over the term of the loan by a fixed repayment schedule are known as:

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Fully drawn advances refer to loans that are issued for the full amount and repaid through a fixed repayment schedule over the term of the loan. Instalment loans also have a fixed repayment schedule, but they may not necessarily be fully drawn down initially. Interest only loans only require the borrower to pay the interest during the term of the loan, with the principal amount repaid at the end of the loan. Business loans are a broad category and can refer to various types of loans issued to businesses.

Loans Which Are Initially Drawn Down to the Full Amount