Working Capital Term Loan (WCTL)
By NEDFi
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Quick Answer
Working Capital Term Loan for existing trading businesses in North East India, providing one-time core working capital assistance as a term loan with repayment up to 84 months, interest starting fr…
Results & next round
Applications for this round are closed. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by NEDFi. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this loan
A Working Capital Term Loan (WCTL) is a loan designed to provide businesses with a fixed amount of capital to support their day-to-day operational expenses and working capital needs, typically with a repayment period of 1 to 5 years. Interest is charged on the entire loan amount and is repaid in installments. Interest rate starts from 8 % p.a. Depending on the lender and the loan amount, WCTLs may require collateral.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
The North Eastern Development Finance Corporation Ltd, known as NEDFi, is a development finance company based in Guwahati, Assam. It lends to micro, small, medium and large enterprises for industrial, infrastructure and agri-allied projects in North East India, and it also…
Learn moreBenefits & Funding
- Fund type
- Debt
- Repayment
- Repayable
What You Get
The loan provides one-time core working capital assistance to existing trading businesses in North East India, structured as a term loan rather than a revolving facility. You can borrow up to 75% of the project cost, with the promoter contributing at least 25% as margin. Repayment runs up to 84 months, with interest starting from 8% p.a. calculated on a reducing balance. An upfront fee of 1% of the term loan applies. Security includes hypothecation of current assets, personal guarantee of promoters, and corporate guarantee of group companies where applicable. No detailed project report is required for loans up to ₹25 lakh. NEDFi also offers complementary entrepreneur support such as mentoring, market linkage, business plan preparation, and DPR/credit-linkage guidance through its Business Facilitation Center.
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the interest rate for the Working Capital Term Loan?
Interest starts from 8% per annum and is calculated on the reducing balance method.
What is the maximum repayment period?
Repayment can be up to 84 months (7 years).
What is the processing fee?
Processing fee is 1% of the term loan amount, plus applicable GST.
How much can I borrow?
The loan can cover up to 75% of the project cost, with a minimum promoter contribution of 25%.
What security is required?
Hypothecation of current assets, personal guarantee of the promoter(s), and corporate guarantee of group companies if applicable. Additional security may be taken as available.
Who can apply?
Sole proprietors, partnership firms, LLPs, and private limited companies that are existing businesses and based exclusively in North East India.
Sources
Data on this page is compiled from official program and provider references.
