Over Draft
Overdraft Facility
An overdraft facility provides flexible access to funds by allowing you to withdraw more than the available balance in your account, up to a sanctioned limit. It is an ideal solution for managing short-term cash flow needs without applying for a new loan each time.
Why Choose Our Overdraft Facility?
Our overdraft solutions are designed to offer convenience, flexibility, and control over your finances. Interest is charged only on the amount utilized, making it a cost-effective funding option.
- Interest charged only on the amount used
- Flexible withdrawal and repayment
- Helps manage short-term cash flow needs
- No need to reapply for funds repeatedly
Where can I get some?
How is interest calculated on an overdraft?
Interest is calculated only on the amount utilized and for the duration it is used, not on the entire sanctioned limit.
What documents are required for an overdraft?
Typically required documents include identity proof, income proof, bank statements, and business or salary details, depending on the applicant type.
Can I repay and reuse the overdraft limit?
Yes, once the utilized amount is repaid, the overdraft limit becomes available again for use.
