Business Overdraft is a Preapproved Loan meet working capital or other Short Term capital requirement of business . Interest is charged monthly for Used Amount.
Features
Best Option for Short Term needs of Businesses
Eligibility
20-25% of Turnover/gst filing
Interest Rate
between 8.5 to 11.5 %. Pay monthly on Your Actual Fund usage
Property LTV
Generally upto 100 % of Property value . If Cash credit Then upto 130 %
Term
Facility comes with Yearly renewal /Enhancement facility
How to Apply for Business Overdraft
Prepare Documents
Prepare your PAN card, Aadhar card, Company Kyc and the latest 3 years of ITR acknowledgements with returns, balance sheet , Profit-loss with schedules , along with a 1-year bank statement.
Legal & Technical Clearance
Keep your property documents ready, including the sale deed, mother sale deed, latest tax receipts, encumbrance certificate, and a copy of the building plan.
Why Choose Crediting.in
Experience precise financial solutions tailored to accelerate your business growth. We combine deep industry expertise with streamlined processes.
Matching Right Lender
We leverage algorithmic matching to pair your profile with the most suitable lending institutions, ensuring optimal terms.
Expert Advisory
Our consultants provide strategic guidance, preparing your applications to meet the exacting standards of top-tier underwriters.
Swift Processing
We utilize technology-driven workflows to streamline documentation, drastically reducing turnaround times to disbursement.