Overdraft Facility – Instant Access to Funds, Always
A revolving credit line that gives you funds whenever you need them. Pay interest only on the amount drawn — not the full limit. Fast approvals for businesses and individuals across Hyderabad.
An overdraft (OD) facility is a revolving line of credit linked to your current or savings account. It allows you to withdraw funds beyond your account balance up to a pre-approved limit — and you are charged interest only on the daily drawn balance, not the full sanctioned amount. This makes it one of the most cost-efficient short-term credit options for managing cash flow gaps, business cycles, and unexpected expenses.
Bridge temporary cash flow gaps in business day-to-day operations
Meet urgent personal or business expenses without a term loan
Overdraft Against Property (OD-LAP) — pledge property for high limits
Overdraft Against Fixed Deposit — instant approval, very low rate
Overdraft Against Salary — for working professionals needing revolving credit
Overdraft Against Mutual Funds / Insurance policies — leverage investments
Business current account overdraft for SMEs and corporates
Revolving credit — draw, repay, and redraw as many times as needed
Interest charged only on the daily drawn balance — not the full limit
No prepayment penalty — repay whenever cash flow improves
Credit limits from ₹1 Lakh to ₹5 Crore+ based on collateral and profile
Funds available 24x7 via linked current/savings account or debit card
Fast sanction within 3–5 working days
Annual renewal process with minimal documentation
Suitable for businesses, professionals, traders, and individuals
Age: 21–65 years (individual or business owner / director)
Businesses: Minimum 2 years of continuous operational history
Salaried or self-employed with stable, documented income
Valid collateral available: property, FD, salary, or investments
CIBIL score of 680 and above preferred
KYC: Aadhaar card, PAN card, address proof
Business proof: GST registration, trade licence, MOA/AOA (for companies)
Bank account statements: Last 12 months
ITR with audited financials for last 2–3 years
Property documents or FD certificate (based on collateral type)
Net worth statement for high-value limits
How to Apply — Step by Step
1
Eligibility Check
We review your income, collateral, and banking history to assess the right OD limit.
2
Document Submission
Submit KYC, bank statements, and collateral documents via WhatsApp or in-person.
3
Lender Processing
We present your case to the most suitable bank or NBFC for fastest sanction.
4
OD Account Active
Overdraft limit is activated on your current account — draw funds anytime.
Frequently Asked Questions
How is an overdraft different from a personal or business loan? +
A term loan gives a fixed lump sum with fixed EMIs. An overdraft is revolving — you draw only what you need, repay any time, and interest is charged only on the daily drawn amount. There are no EMIs.
Can a business get an unsecured overdraft? +
Yes. Some lenders offer unsecured OD for businesses with strong cash flow, consistent banking, and a healthy credit profile. We identify the right lender for your business.
Is annual renewal required for the OD limit? +
Yes. Overdraft limits are sanctioned for 12 months and reviewed annually. Renewal requires updated bank statements and financials. Our team handles the entire renewal process.
What happens if I exceed my OD limit? +
Transactions beyond the sanctioned limit may be declined or attract a penal interest charge. We help you plan your limit requirement accurately upfront.
Can I have multiple overdraft accounts? +
Yes, in principle, if your overall income and collateral support multiple facilities. We assess the total credit exposure and advise accordingly.
Ready to Apply for Overdraft Facility?
Talk to our expert advisors — zero fees, personalised guidance, and the best rates in Hyderabad.
