Dropline Over draft Limit
An overdraft means drawing excess funds from your bank account, just like a short-term loan. Enterprise can withdraw money from its current account up to a certain pre-defined limit.
This is a way for raising working capital, business expansion and to pay interest on the extra funds used. The interest rate on an overdraft is linked to the base lending rate of the bank.
Enterprise can withdraw excess funds from its account as a short-term loan.
Finance can be used for its working capital need.
Interest is charged on the extra amount taken as short-term loan.
Short-term, Quick and easy.
Who Can apply
Private Ltd, Public Ltd, LLP, Proprietor
Any Retailer, wholesaler, distributor etc.
1 year bank statement of the company.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
3 years balance sheet, P&L with audit report.
Loan repayment statement/schedule for any running loan of directors/promote
3 years I.T.R of the company.
Last 6 month bank statement of the directors/promoters