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Working Capital Demand Loan (WCDL)

Features

Working Capital Demand Loan (WCDL) is provided to meet working capital requirements. 

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Working Capital Demand Loan (WCDL) is provided to meet working capital requirements.
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It shall be within the assessed working capital limits. It can be available as a sub limit of funded working capital limit.
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Period of the loan is upto 12 months
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Suitable for Mid / Large corporates having turnover more than Rs.500 Crores OR minimum exposure ( Funded + Non Funded) of Rs.25 Crores

Eligibility

All Corporates having turnover of Rs.500 Crores and above.
  • Preferably AAA , to A rated corporate (external rating is mandatory) 
  • Corporates with short-term rating of P1+,PR1+ and top Corporates who do not have credit rating for their debt instruments, mainly Central PSUs/Corporations, Maharatna / Navaratna / Miniratna companies

Security

Primary
  • Hypothecation / extension of Hypothecation charge over the underlying current assets.
 
Collateral
  • Second charge on fixed assets and or hypothecation of machinery / 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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