Overdraft
Our Overdraft Facility offers businessmen the opportunity to leverage their property for financial flexibility. Whether you’re looking to address cover urgent business investment and improvement needs, Our Overdraft provides upfront funds secured against your property and term deposit certificates of our bank.
Purpose
For business requirements.
Eligibility
Business persons having clear property title acceptable to the bank.
Loan Amount
Businessmen can borrow depending on their eligibility and the value of the mortgaged property.
Maximum Period
Maximum tenure is up to 12 months (1 year).
Security
The property offered as security should be converted land / building with clear marketable title, ensuring the safety of your investment and our Overdraft. Or Term Deposit Certificates of our Bank is considered as security.
Interest Rate
Overdraft – 14.00%
Note: “The sanctioned loan amount and interest rate are subject to terms and conditions.”
