All Services
Bank Overdraft Loan
Purpose
The facility serves day-to-day needs as well as sudden exigencies, for business.
A bank overdraft loan provides businesses with short-term access to funds when cash flow is tight. It allows companies to withdraw more than they have in their bank account, up to an agreed limit. This type of loan is particularly useful for covering unexpected expenses, managing seasonal cash flow fluctuations, or ensuring smooth day-to-day operations without delays.
Features
- Interest to be paid on amount utilized.
- Collateral-free business banking loans.
- Instant Saction & Disbursement
- No Prepayment Charges
Eligibility
- Businees Age – 2 years
- Good credit score preferred
- Bank Statements for last 12 months of business.
- Recent business GST returns (typically last 1 years).
Basic Documentation
- For institutions such as Partnership and companies , other documents such
memorandum of association and board resolution may be required.
Provided Bank
- ICICI Bank
- SBI
- HDFC Bank
- Other financial institutions that offer overdraft facilities Include: Bajaj Finance and Tata Capital.
- Loan Smiles