Mumbai is the “Financial capital of India” that houses Bollywood’s major film production companies, national stock exchange, seaports and headquarters of some of the biggest multinational corporate group.

What is Overdraft Facility?

Overdraft Facility is a one-of-a-kind credit facility allotted to you for a specified amount. Once this amount is assigned, you are free to withdraw and use any amount of money within this allowed limit. But, the part which sets this product apart from Personal Loans and other forms of financing is that you only pay interest on the amount that you withdraw. This is a loan where you only pay the interest amount as EMI.

Overdraft Facility Banks in Mumbai: Check Now


  • Low interest rates: Unlike other forms of financing, where you start paying interest on the principal irrespective of usage, the personal line of credit calculates interest on only the amount that you withdraw, which may be significantly lower.
  • Lower instalments: Since you don’t start paying interest charges until you use the loan, the instalments are likely to be of a much smaller amount.
  • No collateral: Line of credit is one of the few financing avenues that require no proof of your assets or collateral against the loan amount.
  • No EMI: OD is one of the few financing avenues where you will only pay the interest amount as EMI.
  • No hidden costs: You are not expected to pay any fees for the withdrawals you make. There are no limits on the numbers of times you can make withdrawals either.
Interested for Same kind of Saving in Amount on Interest or Savings Apply Here

    Eligibility criteria to get overdraft facility include:
  • Minimum net monthly income is Rs. 40,000/-,
  • your company is on our approved list for overdraft facility
  • Must have descent CIBIL Score
  • You must be a regular customer with a bank which means you need to have a running account.
  • **Offers on specific models. Terms & conditions apply.

The following Documents are required for applying:

  • Address Proof
  • Last 3 months bank statement of bank accounts of company
  • Last 3 months payslips

Simple Loan Process

Turning Money Problems Into Solutions
loan icon

Choose Loan Amount

Choose your loan amount and terms to use loan

doc icon

Provide Document

Need to provide some basic document to verification

approved icon

Approved Loan

Our loan specialist ask fews question and verify docuements.

amount icon

Get your Money

Once loan aprroved you get loan amount credit.

Quick loan Process

Quick Loan

Customer Satisfaction


No Hidden Charges

No Prepayment or
Hidden Fees

Best After Sales Support

Best After Sales Service