Interest on Bank Overdraft
Bank overdraft offered as an unsecured OD to meet short-term working capital requirements for MSME sectors. Bank overdraft begins from 9.00% per annum
Several banks & financial institutions offer overdraft facility & interest rate shall differ from lender to lender. There are multiple factor that influences interest rates such as required loan amount, credit history, repayment tenure & relationship with respective bank or financial institutions.
Apply Online Click Here:-Bank Overdraft
Key features & benefits
Interest rate only charged on utilized amount
Helps to meet urgent financial needs
This facility aids business to manage cash flow smoothly
Minimum documentation required for credit sanction
Bank or financial institutions don’t ask for collateral/security
Document required for Overdraft Application Process
Identity proof | Any one of the following
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Address Proof | Any one of the following
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Income Proof |
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Other Mandatory Documents | Company registration PAN & VAT GST certification AOA & MOA At least 2 years financial of company |
Financeseva allows you to compare & choose the best deals on bank overdraft. Bank or financial institutions shall only assist in backend product but financeseva will take of entire process it includes KYC, due diligence, credit underwriting & related work to process.
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