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Loan And Demand Loan Against KVP/IV.

  • Demand loan, often termed as Working Capital Demand Loan (WCDL) is basically being ready to repay the loan on demand of the lenders. In a demand loan, the financiers or lenders can ask for the lent money to be repaid by the borrower in a relatively shorter duration. Also, the borrowers have the liberty to repay the amount anytime without facing any pre-payment charges. Unlike term loan where loans are sanctioned on a fixed tenure and repayment on installment, a demand loan is a form of short-term finance with no fixed tenure.
    Purpose of Demand Loan

    There are several purposes to fulfil that an individual or business needs demand loan. The common purposes for opting for a demand loan are as follows: Short-term funding for start-up businesses To meet daily and temporary working capital requirements Used for raw material purchase Paying office space rent and salaries Purchasing small assets like cars, farm animals or equipment