Instant funds,
whenever you need them!
Get instant access to extra funds with our flexible overdraft loan facility.
OVERDRAFT LOAN
Instant funds,
Overdraft Loan Details
Stay ahead of unexpected expenses with our convenient overdraft loan. Access additional funds anytime without disrupting your savings. Enjoy flexible repayments and pay interest only on the amount you use!
Loan Amount
Maximum individual limit of the loan is Rs 25,00,000/-.
Eligibility
Individual customers/companies with satisfactory dealings.
Period of Loan
Up to 60 months (5 years), renewable annually.
Rate of Interest
As per bank's applicable rate at the time of disbursement.
Features & Benefits
- Short-term loan with a fixed repayment schedule.
- Interest is charged only on the amount utilized.
- Loan amount based on working capital requirements.
- Funds can be withdrawn as per requirements.
Security Requirements
- Mortgage of property with clear marketable title.
- Land must be converted land/building with proper access.
- Submission of stock statement in prescribed format.
Documents & Formalities
- Loan application with passport-sized photos (2 copies each).
- ID proof, income proof, and IT returns.
- Title deeds, RTC/Form 9 & 11A, EC, tax receipts.
- Stock statement in prescribed format.
⚠️ Terms and conditions apply.