Working Capital Demand Loan (WCDL)
Features
Working Capital Demand Loan (WCDL) is provided to meet working capital requirements.
Eligibility
- 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
- Hypothecation / extension of Hypothecation charge over the underlying current assets.
- Second charge on fixed assets and or hypothecation of machinery / assets , additional tangible security such as immovable properties / bank deposits etc.
- Personal guarantee of proprietors / partners / promoters OR Corporate guarantee
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