Working capital requirements for businesses can either be planned or arise suddenly. Availability of a suitable financing option can help organisations fulfil their immediate funding needs with ease. A working capital demand loan (WCDL Full Form) is one such financing option that is readily available to fulfil the operating funding needs of a business.
Maintaining optimum working capital is essential to a business’s efficient running. A working capital demand loan is thus available as a flexible financing option that allows businesses to access funds easily during any working capital shortage.
Available as one of the suitable sources of business finance, Bajaj Finserv offers a unique Flexi facility on a working capital loan that enables multiple withdrawals from a pre-sanctioned limit, thus allowing access to funds as and when needed. This feature also allows its classification as a business line of credit with withdrawal and repayment flexibility.
The working capital demand loan suitably fulfils daily and short-term funding requirements of a business. It further comes with a tenor extending up to 84 months for convenient repayment.
Bajaj Finserv offers working capital loan at competitive interest rates to keep the repayments affordable. The other associated charges like processing fee, are also kept nominal for the borrower’s convenience.
Before opting for such a loan, make use of an EMI calculator to compute the monthly instalment amount and plan repayments accordingly.
There are suitable alternatives to WCDL that offer quick and convenient financing, thereby helping businesses cover their working capital deficits. The funds are available against viable terms like instant approval and disbursal, flexible tenor, etc., that allow businesses to optimise their utility.
Bajaj Finserv offers business loans as a suitable alternative to the WCDL loan to fulfil the working capital funding needs of a business as and when needed. Here’s a quick look at the features and benefits of the advance that make it a suitable option for business funding.
Businesses can take advantage of a working capital demand loan by putting it to the following possible uses.1. Manage and improve cash flow
Convert your existing loan | Pay lower EMIs by up to 56%KNOW MORE
Funds to upgrade machinery
Up to Rs. 20 lakh | Pay only interest as EMI
Manage operational expenses
Up to Rs. 20 lakh | Flexible tenor options
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Up to Rs. 20 lakh | Minimal documentation