Dropline overdraft is a facility granted to you where you can overdraw your current account up to an agreed limit. Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility. You can at any time deposit money into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month. The overdraft utilized determines the interest that will be payable by the customer. Overdraft against Property is a flexible product offering that allows you a combination of a Term Loan and Overdraft facility against residential or commercial property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Private Limited Company with an annual turnover in the range of INR 90 lakh.
Self Employed (Private Ltd. Co. and Partnership Firms)
Self Employed (Individuals)
Self Employed (Private Ltd. Co. and Partnership Firms) include private companies and partnership firms in the business of manufacturing, trading or services
Minimum turnover of Rs. 60 lakh, financial should be audited.
Years in business: Minimum of 3 years in current business and 5 years total business experience
Business must be profit making for the last 2 years.
Minimum Annual Income (ITR): Rs. 1.5 lakh p.a.Apply for Overdraft
Overdraft/Dropline Overdraft is given below.
Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility.
Dropline overdraft is a facility granted to you where you can overdraw your current account up to an agreed limit.
All loans are not created equal, personal loan has become a great option for people to use.
Some of the eligibility Criteria when applying for a Loan Against Property Are as Follows
You can take benefits of overdraft against your salary if you are employed.
You can take overdraft on your reputed saving account as well.
You have any term deposits then you may take overdraft feature too.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
Now apply for a Car Loan online, All you need to do is provide your details below application form.