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Federal Bank - Working Capital Term Loan
Federal Bank - Working Capital Term Loan

Working Capital Term Loan (WCTL)

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