Dropline Overdraft
Empower Your Business with Dropline Overdraft !!
Dropline Overdraft is a financial instrument that allows a borrower to overdraw cash from his/her current account up to an agreed limit, wherein the withdrawal limit reduces each month from the sanctioned limit. The interest rate is paid only on the withdrawn cash and not on the total borrowing limit. Money can be deposited anytime to reduce the outstanding balance. The interest rate is calculated on a daily basis and is charged at the end of each month.
Dropline Overdraft Loan
With a Dropline Overdraft, a borrower can overdraw funds from their current account up to a certain limit, but at the same time the actual withdrawal limit of the overdraft reduces every month from the sanctioned limit. There are various types of dropline overdraft loans available as shown below.
- SME Dropline Overdraft
- Against Fixed Deposits (FD)
- Term Loan Dropline Overdraft
- Working Capital Dropline Overdraft
- Against Property
- Against Investments
- Agricultural Dropline Overdraft
- Business Dropline Overdraft
Eligibility Criteria And Documentation
Anyone can apply for our dropline overdraft loan if they meet the five basic criteria mentioned below. If you meet all the dropline overdraft loan eligibility criteria, you will need a set of documents to complete your application process.
Documents required
- KYC documents: Aadhaar card
- Pan card
- Proof of Income
- Bank account statement for at least 12 months
Why Choose US?
No Money? No Problem!
Swift Approval
We believe in saving your valuable time and quick money compliance by using our upgraded software. After successfully checking your documents, we approve your loan within minutes and in no time it gets transferred to your account!
Flexible Payment Terms
We accept payments through simple flexible methods, be it easy pay or bank transfer. It aims to enhance your lifestyle experience without worrying about the scarcity of funds!
Instant Disbursal
We offer competitive interest rates and APRs that are fair and all costs are truthfully disclosed to the customer. Our policy is to make life fulfilling for you and your family by adding quality time to each and every moment.
Completely Secure Process
We have separate teams at each level to check the transfer of funds in the most transparent and secure manner to keep away any kind of foul play. Your dream is our dream and we will keep it safe and protected!
Minimum Documentation
Paperless Documentation which is 100% online and stress-free. Your personal loan no longer requires visiting the bank and signing bulky bundles of documents. Bharat Loan provides quick, easy and simple digital solutions to all your short-term monetary distress!
Transparent Pricing
After verification of your documents, we transfer your approved amount instantly. We care about fast delivery and an immediate relief from your financial worries! Advanced technology will be your constant partner as our customer.
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