Overdraft Facility Overview

LoanPao’s Overdraft Facility in India provides flexible credit up to ₹5 Crore at 9%–15% p.a. for businesses and individuals. Withdraw as needed, pay interest only on used amount. Secured against FD, property, or receivables. Quick approval in 2-5 days via 500+ RBI-compliant lenders. Ideal for working capital, cash flow management. Explore Merchant Cash Advance or MSME Loan.

Use EMI Calculator or call +91-999-163-4766.

About LoanPao’s Overdraft Facility

LoanPao offers overdraft facility india for business overdraft loan india. Secure overdraft against fd india with easy overdraft eligibility india. Apply overdraft online india for best overdraft facility india.

Key Features

  • Flexible withdrawals up to limit.
  • Interest only on used amount.
  • Approval in 2-5 days.
  • Secured against FD/property.

Benefits of Overdraft Facility

Flexible Withdrawals

Use funds up to limit as needed.

Interest on Used Amount

Pay only on withdrawn funds.

Fast Approval

2-5 days processing.

Secured Options

Against FD/property.

Digital Process

Online e-KYC.

Trusted Lenders

500+ RBI partners.

How to Use

  1. Apply for overdraft facility india.
  2. Get approved limit.
  3. Withdraw as needed.
  4. Repay to restore limit.

Eligibility Criteria

Criteria Details
Applicant Type Businesses, self-employed, individuals
Age 21–65 years
Income/Turnover Businesses: ₹50 Lakh/year; Individuals: ₹3 Lakh/year
CIBIL Score 700+ preferred
Collateral Fixed deposits, property, or receivables

Check CIBIL at CIBIL Login or email info@loanpao.in.

Documents Required

  • KYC: Aadhaar, PAN, Voter ID
  • Income Proof: ITR (2 years), salary slips (3 months)
  • Bank Statements: Last 12 months
  • Collateral: FD receipt, property papers, or receivables
  • Business Proof: GST registration, business license

Overdraft Facility Details

Type Limit Interest Rate (p.a.) Collateral
Against Fixed Deposit Up to 90% of FD 9%–11% Fixed Deposit
Against Property Up to ₹5 Crore 10%–13% Property
Against Receivables Up to ₹2 Crore 12%–15% Invoices

How to Apply for Overdraft Facility

Apply in simple steps:

  1. Fill form with details.
  2. Upload documents & collateral proof.
  3. Get approval in 2-5 days & access facility.

Compare Providers

Provider Interest Rate (p.a.) Limit Processing Fee
HDFC Bank 9%–11% Up to ₹5 Crore 0.5%–1%
ICICI Bank 10%–12% Up to ₹3 Crore 0.75%–1.5%
SBI 10.5%–15% Up to ₹4 Crore 0.5%–2%

Rates indicative. Contact for updates.

Market Insights

Overdraft facility india is popular for business overdraft loan india. Overdraft against fd india offers low rates with easy overdraft eligibility india. Apply overdraft online india for best overdraft facility india.

Why Choose LoanPao?

Wide Lender Network

500+ RBI-compliant lenders.

EMI Calculator

Plan with EMI calculator.

24/7 Support

Call +91-999-163-4766.

Testimonials

"LoanPao's overdraft facility india helped my business overdraft loan india needs."

- Rahul Mehta

"Easy overdraft against fd india with quick approval."

- Sneha Kapoor

Tips for Application

  • CIBIL 700+.
  • Clear collateral docs.
  • 12 months statements.
  • Use EMI calculator.

Frequently Asked Questions

Withdraw up to limit, interest on used amount.

Businesses/individuals with CIBIL 700+ & stable income.

9%–15% p.a. based on profile.

2–5 days with LoanPao.

FD, property, or receivables.