Flexible Credit When You Need It
An overdraft facility gives you instant access to funds up to your sanctioned limit. Pay interest only on what you use — ideal for managing cash flow gaps and unexpected expenses.
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Why Choose Our Overdraft Facility?
The smart way to manage short-term liquidity without taking on a term loan.
Pay for What You Use
Interest is charged only on the amount you draw, not the entire sanctioned limit.
Revolving Credit Line
Withdraw, repay, and withdraw again — the limit replenishes automatically as you repay.
Instant Access
Once sanctioned, funds are available immediately with no repeated documentation.
Flexible Limits
Sanction limits from ₹50,000 to ₹25 Lakhs based on your credit profile and relationship.
Facility Details
Eligibility Criteria
- Existing salary or savings account holder
- Minimum 6 months of banking relationship
- Regular monthly credit of ₹25,000+
- Good credit history (CIBIL 700+)
- Business owners with 2+ year vintage
Documents Required
Simple documentation for quick approval.
Frequently Asked Questions
Common questions about our Overdraft Facility.
How is overdraft different from a personal loan?
An overdraft is a revolving facility — you pay interest only on what you use and the limit replenishes as you repay. A personal loan gives you a one-time lump sum with fixed EMIs.
Can I increase my overdraft limit?
Yes, after 6 months of regular usage and timely repayments, you can request a limit enhancement.
Is there a fixed repayment schedule?
No, you can deposit any amount at any time. There's no fixed EMI — only interest on the outstanding amount.
What happens if I don't use the facility?
If you don't draw any amount, no interest is charged. Some lenders may levy a minimal non-utilisation charge after a period.