Flexible Short-Term Working Capital
Manage cash flow gaps and unexpected expenses with our overdraft facilities. Draw funds as needed and pay interest only on utilized amount.
Understanding Overdraft Facilities
An overdraft facility is a credit arrangement that allows you to withdraw more money than you have in your account, up to an approved limit. It's designed to meet short-term working capital needs and manage temporary cash flow shortages.
Unlike traditional loans, overdraft facilities offer exceptional flexibility - you can draw funds whenever needed and repay them at your convenience, as long as you stay within the sanctioned limit. Interest is charged only on the amount actually utilized and for the period it's used.
Capital Mine Solution helps businesses and individuals secure overdraft facilities from leading banks. We assess your requirements, help you choose between secured and unsecured options, and ensure you get favorable terms that match your cash flow patterns.
Who Can Apply?
Overdraft facilities available to businesses and individuals
Business Entities
Companies, partnerships, and sole proprietorships with operational bank accounts and regular business transactions.
Salaried Individuals
Professionals with stable income and good credit history seeking personal overdraft facilities for emergencies.
Self-Employed
Professionals and consultants with irregular income patterns needing flexible access to working capital.
Eligibility Criteria
For Businesses
- Business vintage: 2+ years preferred
- Stable business operations and cash flow
- Minimum annual turnover: ₹20-30 lakhs
- Good credit history and repayment track record
- Adequate collateral for secured overdraft
For Individuals
- Age: 21-60 years
- Stable income source (employment or business)
- Minimum income: ₹25,000 per month
- Credit score: 700+ preferred
- Existing relationship with bank beneficial
Required Documents
Essential documents for overdraft facility processing
| Document Category | Specific Documents |
|---|---|
| KYC Documents | Aadhaar Card, PAN Card, address proof |
| Income Proof | Salary slips, IT returns, business financials |
| Bank Statements | Last 6-12 months bank statements |
| Business Documents | Registration, GST, financial statements (for businesses) |
| Collateral Documents | Property documents, asset statements (for secured OD) |
| Photographs | Passport-sized photographs |
Why Choose Our Overdraft Service?
Interest on Utilized Amount
Pay interest only on the amount you actually use, not on the total sanctioned limit, making it cost-effective.
Complete Flexibility
Draw and repay funds as per your convenience, with no fixed repayment schedule or EMI obligations.
Quick Access to Funds
Instant access to funds through your bank account, ATM, or online banking whenever you need them.
Renewable Facility
Overdraft limits are typically renewable annually, allowing you to maintain long-term access to working capital.
No Usage Restrictions
Use funds for any legitimate purpose - business expenses, personal needs, or emergency requirements.
Secured & Unsecured Options
Choose between secured overdraft against assets or unsecured facilities based on your eligibility and requirements.
Common Questions About Overdraft
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Ready to Secure Flexible Working Capital?
Our experts are ready to help you find the right overdraft facility. Contact us today.