This facility is to help meet Business needs, working capital financing requirements of Professionals, Sole Proprietors, Partnerships, Private Limited Companies or LLPs.
The Overdraft facility is available in Regular or Dropline form (the limit is dropped every year) and will be either Secured by Collateral in the form of immovable property or commercial Vehicles or Unsecured in nature.
Unsecured Overdraft facility ranges from Rs. 1 lakh to Rs. 5 lakhs. Secured Overdraft facility is available for upto Rs. 5 crores.
Available at attractive rates of interest on a pay as per use basis.