loan guide in hindi

Best Guide on Overdraft Loan

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A credit facility called an overdraft allows you to withdraw money as needed and is provided by both private and public sector banks.

What is overdraft loan

The withdrawn amount may be repaid at the borrower's convenience. Only the amount that has been used from the entire sanctioned limit is subject to interest charges.

How to repay

The applicant's profile and relationship with the bank will determine the interest rates, fees, and charges, which vary from bank to bank.

Interest Rates

Minimum age requirement is 21 and maximum age limit is 65.  A strong CIBIL score will be helpful. Income requirements vary by lender.


Identity Proof: Aadhar card, Voter ID card, etc. Address Proof: Passport, Driving License, Utility Bills, etc. Last 12 months bank statement


It is a short-term credit that the bank offers that must be repaid within the allotted time frame.  The length of the loan is determined by the bank.


Current accounts and cash credit accounts are only permitted to receive a maximum of Rs. 50,000 each week, in accordance with RBI restrictions.

Current account eligibility

aids in controlling the business's financial flow, Banks don't require collateral and merely pay interest on the amount that has been used. reduced paperwork


To meet working capital demands, such as daily finance requirements, an OD is ideal.  A lump sum payment option would be available, and it may be closed at any time.


Kotak 811 Credit Card

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