Working Capital Term Loan (WCTL)
Working Capital Term Loan (WCTL) is provided to extend long term working capital credit facilities to entrepreneurs.
- 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.
- Hypothecation / extension of Hypothecation charge over the fixed assets or machinery
- Extension of charge over current assets
- Additional tangible security such as immovable properties / bank deposits etc.
- Personal guarantee of proprietors / partners / promoters OR Corporate guarantee