Flexible Credit Facility
Credit facility that can be accessed at any time up to the maximum limit, ensuring funds are always available when needed.
Overdraft Loan
The Overdraft Loan provides instant liquidity, allowing businesses and individuals to access funds up to an approved limit, making it an ideal solution for immediate financial needs. This facility offers the convenience of paying interest only on the used amount and comes without a fixed repayment schedule, granting flexibility in managing finances according to cash flow.
Interest rate starts at 9.10%
Features
Overdraft Limit Based on Creditworthiness
The overdraft limit is determined based on the borrower’s creditworthiness and the value of the collateral provided.
Minimal Documentation
Requires minimal documentation for approval, facilitating a quick and hassle-free application process.
Revolving Credit
Acts as a revolving credit facility, where the credit is automatically renewed as debts are paid off.
Dropline Overdraft
Acts as a revolving credit facility, where the credit is automatically renewed as debts are paid off.
Advantages of Overdraft Loan
Instant Liquidity
Provides instant access to funds up to the approved limit, offering a quick solution to meet immediate financial needs.
Pay Interest Only on Used Amount
Interest is only charged on the amount of the overdraft used, making it a cost-effective option for short-term financing.
No Fixed Repayment Schedule
Flexibility in repayment as there is no fixed EMI or repayment schedule, offering convenience to manage finances as per cash flow.
Better suitability for your business.
Designed with the unique requirements of businesses in mind, this financing solution offers enhanced adaptability and efficiency. It is structured to provide quick and accessible financial support, ensuring that businesses can seize opportunities or address challenges without delay. Its streamlined process outperforms traditional loan arrangements, making it a superior choice for businesses seeking immediate and effective financial assistance.