Working Capital Term Loan (WCTL)

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Working Capital Term Loan (WCTL)

Working Capital Term Loan (WCTL) is provided to extend long term working capital credit facilities to entrepreneurs.

  • Features
  • Eligibility
  • Security
  • Working Capital Demand Loan (WCDL) is provided to extend long term working capital credit facilities to entrepreneurs.
  • Suitable for Mid / Large corporates having turnover more than Rs.500 Crores
  • It shall be within the assessed working capital limits. It can be available as a sub limit of funded working capital limit.
  • Period of the loan is upto 60 months
  • Repayment can be made in Monthly /Quarterly / Half yearly installments
  • All Corporates having turnover of Rs.500 Crores and above.
Primary
  • Hypothecation / extension of Hypothecation charge over the fixed assets or machinery
 
Collateral
  • Extension of charge over current assets 
  • Additional tangible security such as immovable properties / bank deposits etc. 
Others
  • Personal guarantee of proprietors / partners / promoters OR Corporate guarantee 

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