Overdraft Limit Facility

📌 Overview

An Overdraft Limit Facility is a flexible financial solution that allows individuals or businesses to withdraw funds beyond their account balance up to a pre-approved limit. Interest is charged only on the amount utilized, making it a cost-effective option for managing short-term financial needs and cash flow gaps.

🎯 Purpose of the Facility

• Manage short-term cash flow requirements
• Handle urgent financial needs
• Cover operational expenses
• Maintain liquidity during low cash periods
• Support business continuity

💼 Key Features

• Pre-approved credit limit
• Interest charged only on utilized amount
• Flexible withdrawal and repayment
• Can be secured or unsecured
• Renewable facility (subject to terms)
• Quick access to funds

📊 Eligibility Criteria

• Salaried individuals, self-employed professionals, or business owners
• Stable income or business turnover
• Good credit history
• Active bank account with transaction history
• Valid financial and identity documents

📑 Documents Required

• Identity proof (Aadhaar, PAN, Passport)
• Address proof
• Income proof (salary slips / ITR)
• Bank statements (last 6–12 months)
• Business documents (if applicable)
• Collateral documents (for secured overdraft)

💰 Benefits

• Pay interest only on the used amount
• Flexible access to funds anytime
• Helps manage cash flow efficiently
• No need to apply for multiple loans
• Supports both personal and business needs

🔄 Process

1. Application submission
2. Document verification
3. Eligibility and credit assessment
4. Limit approval
5. Facility activation

🌟 Why Choose Us?

• Fast and easy approval process
• Flexible and convenient credit access
• Competitive interest rates
• Transparent terms and conditions
• Dedicated customer support

📞 Get Started Today

Enjoy financial flexibility with our Overdraft Limit Facility. Contact us today to get quick approval and access funds whenever you need them.