In finance the term recovery refers to collection of amount due. The normally recovery depends on the purpose, time and condition, business running process etc.Normally loan amount will be recovered on installment basis. The manager can fix installment period on the basis of nature of their business.Example:Installment fixes on salaried person on a monthly basis.In the agriculture sector, installment fixes on biannual basis.Business person normally 1 year per installment.Recovery is different from one loan to another.In short term loans recovery is less than 36months.In medium term loans recovery is from 36 months to 84 months.In long term loans recovery is normally 84 months or longer.The repayment period can extend up as per the STC act in exceptional cases, normally bank recover the loan amount from customer, easily do not give the trouble to them.