OVERDRAFT FACILITY
Overdraft Facility. Pay only for what you use.
Get a flexible credit line of ₹1 Lakh to ₹50 Lakh linked to your account. Withdraw when you need, repay when you can, and pay interest only on the amount you actually use, for the days you use it.
Why choose us
Why choose Overdraft Facility?
Interest on usage only
Undrawn limit costs you nothing.
Revolving limit
Repay and re-borrow anytime, no fresh approval.
Instant withdrawals
Transfer to your account 24×7 via net banking or UPI.
Renewed annually
Limit reviewed and stepped up every year.
Run the numbers
Overdraft Facility EMI
Loan amount
₹10 L
₹1 L₹50 L
Tenure
12 mo
12 mo5y
Interest rate
10.50%
10.50%18.00%
Monthly EMI
₹88,149
Total interest
₹58K
Total payable
₹10.6 L
Principal vs Interest breakdown
Principal ₹10 LInterest ₹58K
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Criteria to qualify
Age
21 – 65 years
Profile
Salaried, self-employed professional, or business owner
Income / Turnover
₹30,000 monthly income or ₹20 Lakh annual turnover
Banking Vintage
6+ months with a current or salary account
CIBIL Score
700+ preferred
Key advantages
Overdraft Facility benefits & features
Pay Interest Per Day Used
Draw ₹2L from a ₹10L limit for 10 days and you pay interest on ₹2L for 10 days. Nothing more.
Borrow Again Without Reapplying
Once repaid, the limit is available again instantly. Ideal for recurring cash-flow gaps.
Emergency Buffer on Standby
Keep the limit sanctioned at zero cost and use it only when a medical or business need hits.
No Fixed EMI Pressure
Service interest monthly and repay principal whenever surplus funds arrive.
Secured or Unsecured
Get a higher limit and lower rate against FD, property, or securities, or go unsecured on income.
Limit Grows With You
Regular usage and timely repayment earn automatic limit enhancements at renewal.
Documents required
- PAN card & Aadhaar card (KYC)
- Last 6 months' bank statement
- Latest 3 months' salary slips or 2 years' ITR with computation
- GST returns for the last 12 months (business owners)
- Business registration or shop & establishment certificate (if applicable)
Overdraft Facility FAQs
A personal loan disburses the full amount upfront and charges interest on all of it from day one. An overdraft gives you a limit; you draw only what you need and pay interest only on the drawn amount for the days it stays outstanding.