A OverDraft loan is a financial assistance provided by a bank or NBFC to buy, build, or renovate a house or property.
Own your dream Car with confidence. Finance your purchase, make simple repayments, and invest in comfort with funds.
An overdraft loan is a flexible credit facility that allows you to withdraw funds beyond your available balance, up to a pre-approved limit. It helps you manage short-term financial needs without applying for a new loan every time.
You pay interest only on the amount you use, making it a cost-effective solution for handling cash flow gaps while keeping your finances balanced and under control.
Flexible Credit | Pay Only for What You Use | Better Cash Flow Management
Cash flow requirements can arise at any time, whether it's to manage daily expenses, handle unexpected costs, or bridge temporary gaps between income and payments. An overdraft loan provides quick access to funds when you need them most-without disturbing long-term savings.
It acts as a financial safety net, helping you maintain stability during low-cash periods while giving you the confidence to manage personal or business finances smoothly.
1. Instant access to extra funds
2. Interest charged only on the amount utilized
3. Helps manage short-term cash flow gaps
4. Flexible usage without reapplying each time
5. Provides financial security and peace of mind
Managing finances isn't always predictable, and we understand that cash requirements can change quickly. That's why our overdraft loan solutions are designed to be simple, transparent, and flexible. Whether you need funds for personal expenses or business working capital, an overdraft facility ensures easy access to money without complex procedures.
What sets us apart is our customer-first approach. We understand your requirements and suggest an overdraft solution that suits your financial situation. With quick approvals, flexible limits, and interest charged only on usage, we make overdraft loans easy, reliable, and stress free.
Our overdraft solutions help you stay financially prepared, manage expenses confidently, and maintain stability-so you can focus on growth without worrying about cash flow interruptions.
A Overdraft loan assists you in overcoming financial challenges and starting new ventures. It provides you with the confidence to invest with assurance, without jeopardizing smooth operations or worrying about liquidity.
Repayment timelines are flexible for your Overdraft cash flows, which makes it simple to manage finances.
Clear and competitive interest rates make borrowing affordable and enable long-term sustainable business growth at affordable costs.
Loans are quickly approved and funds disbursed so that your business can move forward.
Easy application with less paperwork ensures busy business owners can obtain funds without needless delays and hassles.
Car and startup loans grant capital to scale operations, invest in ventures, or buy needed equipment with confidence.
Availability of funds guarantees smooth everyday operations, ensuring businesses do not experience financial disruptions or cash flow problems.
Measure twice, cut once. You may have a target amount, a tenure or a target EMI. When it comes to loans, no matter hour how big or small, always get an idea how it will affect your monthly finances, before you take a decision
OverDraft loan eligibility is based on various factors such as age, business category, GST returns, credit score, and operational history.
| Parameter | Description |
|---|---|
| Age | You must be between 21 to 65 years of age to be eligible to apply for a business loan. |
| Nationality | You need to be an Indian citizen to be eligible. |
| Credit Score | A 700 credit score improves your chances of getting approved. |
| Business History | Your business should have been running for at least one year. |
| GST Returns | Make sure your GST returns are filed for at least six months on time. |
| Business Type | Loans are offered to sole proprietorships, partnerships, LLPs, and Private Limited companies. |
Any person who is applying for a OverDraft loan needs to have these documents ready.
Company PAN cardDirectors KYC documentsMOA & AOA copyGST registration copyBank statements for recent 12 monthsITR last 2 yearsDirectors list & sharesGST3B returns 12 monthsCertificate of incorporationCo-applicant KYC documentsLatest Utility billGST / Udyam copyOverDraft loan interest ratesdiffer for each individual. They can change based on the basis of repayment duration and the type of loan you choose. At CredBazar, business loans start from a 13% rate of interest. Along with interest, you may also need to cover costs like processing charges, early closure fees, or penalties for missed payments.
Get a quick OverDraft loan because growth should never wait.
Applying for a Car loan with us is quick and straightforward. Here's how the process works:
Pick the loan option that matches your OverDraft goals and requirements.
Keep your documents ready, including ID proof, bank statements, and financial records.
Submit your loan application easily through the CredBazar website.
We will review your details, check eligibility, and assess your financial profile.
Upon approval, the money is transferred directly to your bank account, often within just 24 hours.
Quick answers to your loan and finance queries - simple, clear, and easy to understand.
A OverDraft loan is a financial assistance provided by a bank or NBFC to buy, build, or renovate a house or property.
Usually, a Overdraft loan gets approved within 5 to 10 working days, subject to document verification.
No. CredBazar does not charge any fee from its customers for applying or processing the loan. You only pay the interest and charges as per your lender's terms.
Salaried individuals, self-employed professionals, and business owners with a stable income can apply for a OverDraft loan.
