Cash Credit / Overdraft
“Unlock the power of flexible cash flow management with our Cash Credit/Overdraft facility.”
5 Crore Overdraft / Cash Credit
Up to 02 Years
- Age Criteria: Minimum 21 years and maximum 65 years
- Bank Account: Applicant should have existing bank account with the respective bank
- Income Criteria: Depends on lender
- Good CIBIL or credit score shall be an added advantage
- Business existence: Varies from bank to bank
- Duly filled application form with Passport-sized photographs
- Identity Proof: Passport, Voter ID card, Driving License, PAN card, Aadhar card
- Address Proof: Utility Bills (Water/Electricity Bills), Passport, Driving License, Voter ID card
- Age Proof: Passport, Class X certificate
- Last 12 months’ bank statement
- Any other document required by the lender
- Overdraft Against Salary
- Overdraft Against Fixed deposit
- Overdraft Against Time Deposits
- Duly filled application form with Passport-sized photographs
- Identity Proof: Passport, Voter ID card, Driving License, PAN card, Aadhar card
- Address Proof: Utility Bills (Water/Electricity Bills), Passport, Driving License, Voter ID card
- Age Proof: Passport, Class X certificate
- Last 12 months’ bank statement
- Any other document required by the lender
Why Choose Cash Credit/Overdraft!
Flexible Cash Flow:
Cash Credit/Overdraft facilities provide businesses with flexible access to funds, allowing them to manage their cash flow effectively and meet short-term financial needs.
Working Capital Support:
Cash Credit/Overdraft facilities serve as a reliable source of working capital, enabling businesses to bridge the gap between receivables and payables, ensuring smooth operations.
Cost-Effective Financing:
Interest is charged only on the amount utilized from the Cash Credit/Overdraft facility, making it a cost-effective financing option compared to term loans, where interest is charged on the entire loan amount.
Quick Access to Funds:
Cash Credit/Overdraft facilities offer quick and convenient access to funds, allowing businesses to address immediate financial requirements without delays.
Customized Borrowing Limits:
Lenders provide tailored borrowing limits based on the business's creditworthiness and financial performance, ensuring that businesses can access the appropriate amount of funds they need.
Flexibility in Repayment:
Repayments for Cash Credit/Overdraft facilities are flexible, as businesses have the option to repay the utilized amount within a specified period, providing convenience and financial flexibility.
"Apply Now for Your Hassle-Free Loan!"
We at LOAN ASAP work hard to make the loan application process as simple as we can. Experience the LOAN ASAP difference by applying right away!