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Working Capital Demand Loan (WCDL) is a working capital loan available on demand to the Corporates. While the INR denominated facilities are called WCDL and if the same facility is availed in foreign currency it is called Foreign Currency Demand Loan (FCDL).
WCDL/FCDL facilities are fixed term, fixed amount loans available at fixed rate of interest 
The tenor of the loan ranges from 7 days to 180 days (about 6 months) 
Interest rates on WCDL are based on MCLR or Repo Depending upon the tenor for which funds are being drawn, a spread is charged over 1 month, 3 month or 6-month MCLRMinimal documentation requirement Repayment/ prepayment can be done both online and offline with a minimal pre-payment charge • As per RBI (Reserve Bank of India) guidelines on "Loan System for Delivery of Bank Credit,” for borrowers having aggregate fund based working capital limit of Rs. 150 crores and above from the banking system, a minimum level of loan component of 60 percent is mandatory
• Hence, for such borrowers, drawings up to 60 percent of the total fund based working capital limits shall only be allowed from the ‘loan component’. Drawings in excess of the minimum ‘loan component’ threshold may be allowed in the form of cash credit facility.
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