No. TermPlus is not a bank or credit provider. When you submit an application with us you are agreeing to investing your chosen amount for your chosen term length.
TermPlus provides access to global private credit via a highly diversified, multi-manager, multi-strategy, global private credit portfolio of funds managed by highly rated private credit fund managers (‘Underlying Managers’) which, in turn, invest in loans, primarily to corporate borrowers (the ‘Underlying Assets’).
For more information please refer to What is TermPlus? and the PDS.