An Overdraft Loan (OD) is a flexible credit facility that allows you to withdraw money beyond your bank account balance up to an approved limit. It is ideal for managing short-term cash flow needs, emergencies, or working capital requirements. Interest is charged only on the utilized amount, making it cost-effective and convenient for individuals and businesses alike.
Flexible Credit Limit: Access funds up to your approved limit
Interest on Utilized Amount Only: Pay interest only for the amount withdrawn
Quick Access to Funds: Instant availability when needed
Short-Term Financial Support: Ideal for emergencies or working capital
No Fixed Repayment Schedule: Withdraw and repay as per convenience
Multiple Uses: Personal, business, or operational expenses
Salaried individuals and self-employed professionals
Business owners requiring short-term working capital
Individuals with a stable income and good credit history
Account holders with a bank-approved overdraft facility
Aadhaar Card & PAN Card
Passport / Voter ID / Driving License (optional)
For Salaried:
Salary slips (last 3–6 months)
Bank statements (6 months)
For Self-Employed / Business Owners:
ITR (last 2–3 years)
Bank statements (6–12 months)
Business registration / GST certificate
Existing bank account details
Application form for overdraft facility
Collateral documents (if secured overdraft is applied)
Monthly EMI: ₹0
Total Payment: ₹0
Total Interest: ₹0
Total Months: 0
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