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Working Capital Finance

Working capital loan is one of the wholesale lending products provided by the bank to a business organization to meet its day-to-day cash flow requirements such as general expenses, maintaining liquidity in trading operations, operating expenses, pay suppliers and other creditors, etc.Read More

We at IDFC FIRST Bank offer a wide range of working capital loans like –
• Cash Credit/Overdraft (CC/DD)
• Working Capital Demand Loan (WCDL)
• Working Capital Term Loan (WCTL)
• Short Term Loan (STL)
• Commercial Paper (CP)Read Less

Cash Credit (CC) or Overdraft (OD)

Cash credit is a running account facility and is extended for a short period, usually up to 12 months and reviewed/renewed on an annual basis. It is a finance against primary security of inventory (consisting of raw materials, stocks in process and finished goods), book debts of a borrower, etc. Overdraft is a limit extended into the customer to remit and draw funds freely, subject to the sanctioned limit. Overdraft against FD is a type of secured loan where customers can pledge their fixed deposit as security to avail of a quick loan. We at IDFC FIRST Bank offer loan of up to 100% as OD against FD.

Working Capital Demand Loan (WCDL)

Working Capital Demand Loan is usually offered with a fixed maturity date and can be recalled anytime (often on a 24-hour notice) by the Bank. It must be paid in full on the date of demand. WCDL is to meet specific short-term working capital finance needs of the business and the tenor usually ranges from 7 days to 1 year.

Working Capital Term Loan (WCTL)

A working capital term loan is a non-revolving loan with a specific amount and has a specified repayment schedule. WCTL can be secured or unsecured and is generally offered for tenure between one to five years.

Short Term Loan (STL)

A short term loan is offered with a fixed maturity date to meet specific short-term financial needs of the business. The tenor of such an STL can range from 7 days up to 1 year with a restriction on the number of rollovers which can be done in line with the RBI guidelines.

Commercial Paper (CP)

Commercial Paper is a money market instrument used by highly rated corporate borrowers to raise short-term funds to meet their short- term use such as working capital needs. CP is a short term corporate paper like an issuance promissory note with fixed maturities and negotiable by endorsement and delivery. CP's can be issued for a minimum tenor of 7 days and a maximum up to one year from the date of issue.

Cash Credit (CC) or Overdraft (OD)

Cash credit is a running account facility and is extended for a short period, usually up to 12 months and reviewed/renewed on an annual basis. It is a finance against primary security of inventory (consisting of raw materials, stocks in process and finished goods), book debts of a borrower, etc. Overdraft is a limit extended into the customer to remit and draw funds freely, subject to the sanctioned limit. Overdraft against FD is a type of secured loan where customers can pledge their fixed deposit as security to avail of a quick loan. We at IDFC FIRST Bank offer loan of up to 100% as OD against FD.

Working Capital Demand Loan (WCDL)

Working Capital Demand Loan is usually offered with a fixed maturity date and can be recalled anytime (often on a 24-hour notice) by the Bank. It must be paid in full on the date of demand. WCDL is to meet specific short-term working capital finance needs of the business and the tenor usually ranges from 7 days to 1 year.

Working Capital Term Loan (WCTL)

A working capital term loan is a non-revolving loan with a specific amount and has a specified repayment schedule. WCTL can be secured or unsecured and is generally offered for tenure between one to five years.

Short Term Loan (STL)

A short term loan is offered with a fixed maturity date to meet specific short-term financial needs of the business. The tenor of such an STL can range from 7 days up to 1 year with a restriction on the number of rollovers which can be done in line with the RBI guidelines.

Commercial Paper (CP)

Commercial Paper is a money market instrument used by highly rated corporate borrowers to raise short-term funds to meet their short- term use such as working capital needs. CP is a short term corporate paper like an issuance promissory note with fixed maturities and negotiable by endorsement and delivery. CP's can be issued for a minimum tenor of 7 days and a maximum up to one year from the date of issue.

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