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An Overdraft is a flexible form of borrowing that allows businesses to withdraw funds from their Current Account up to a pre-approved limit. Interest is only charged on the amount overdrawn for the period of borrowing, making it a cost-effective way to manage short-term cash flow.
Avail a personal overdraft loan up to Rs. 35 lakh at low interest rates and minimal documentation. Apply for a personal loan overdraft facility by Tata Capital today!
Apply for our Personal Overdraft Loan with an affordable interest rate, offering a maximum of ₹35 Lakhs. Check eligibility and terms for this flexible financial solution.
24x7 Quick Overdraft is an overdraft facility that allows business owners to avail an overdraft instantly and anytime through our digital channels such as Axis Internet Banking or Axis Mobile. It is ideal to fund your day to day business requirements.
An overdraft facility lets you withdraw funds from your line of credit at your convenience. You need to pay interest only on the amount withdrawn and utilised. Unlike traditional loans, it has no fixed EMI structure and allows you to repay the borrowed sum anytime.
Check your overdraft Loan limit with HDFC Bank's Overdraft Calculator. Get full information on documents required, eligibility & monthly EMI for overdraft Loan.
Aug 7, 2024 · An overdraft facility allows you to withdraw funds from a fixed line of credit (sanctioned loan amount) as and when you need and deposit funds in the same. Thus, you can withdraw and repay as per your convenience. This makes an overdraft facility (OD Facility) one of the most desired credit options and saves interest costs for the borrower.
Avail now! Features : Overdraft facility up to ₹25 lakhs, with reducing Drawing Power. Facility to deposit surplus funds in the loan account to reduce interest burden. Auto liquidation at the end of loan tenure. Low interest rates. Low processing charges. Minimal documentation. No annual maintenance charges. No hidden costs.
Mar 31, 2023 · An overdraft is a credit feature offered by private and public sector banks that permits you to withdraw an amount as per your requirements. Borrowers can repay the withdrawn amount at their convenience. The interest rate is charged only on the utilized amount from the total sanctioned limit.
FlexiCash is an overdraft facility offered to select ICICI Bank Salary Account customers, whereby they can avail the overdraft facility to meet unplanned or recurring expenses. It is designed to protect the customers from missing their payments due to insufficient funds by providing short-term instant credit.
