Unsecured Instant Business Overdraft

Protect your business from exigencies

Unsecured Instant Business Overdraft is an Overdraft facility with minimal documentation only basis Banking Transactions with no financial documents requirement. This is an unsecured facility and thus there is no collateral requirement.

This is a credit limit which is set up in your current account for business purposes. You can withdraw money from the current account to the extent of limit sanctioned. Overdraft is the most efficient form of borrowing, as interest would be levied only on the amount utilised for the corresponding period. This gives you the flexibility of depositing money into the account, to reduce the outstanding balance or draw more as per your business needs. Interest is calculated on daily basis on fluctuating outstanding balance and would usually be charged on end of the month..