Working capital demand loan (WCDL) is used to meet short term cash needs of a business. WCDL is a short term loan with fixed date for repayment.
BCSPL also provides services to avail WCDL for contractors who are supposed to deposit EMD and AMD for procurement of orders.
FEATURES AND BENEFITS
- No Pre-Payment penalty.
- Eligibility on projected Turnover.
- No vintage required (Age of the firm can be less than 1 year).
- BCSPL can arrange it under multiple or consortium banking arrangement.