Overdraft Facility

An Overdraft Facility gives businesses and eligible individuals access to additional funds beyond their available account balance, up to a pre-approved limit. Interest is charged only on the amount utilized, making it an effective solution for managing temporary cash flow requirements.

Eligibility

  • Salaried or self-employed applicant
  • Business with regular banking transactions (for business overdrafts)
  • Satisfactory banking relationship
  • Good credit history
  • Income as per lender's criteria

Documents Required

  • Aadhaar Card / PAN Card
  • Address Proof
  • Bank Statements
  • Income Proof
  • Business Documents (if applicable)
  • Financial Statements (for business applicants)