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Business Overdraft
Collateral Free Loan
Business Overdraft is borrowing that allows businesses to withdraw funds from their Overdraft Account up to a pre-approved limit. Interest is only charged monthly on the amount overdrawn for the period of borrowing, making it a cost-effective way to manage short-term cash flow. Customers can also deposit funds into the account to reduce the outstanding balance or withdraw more as needed providing further flexibility. Interest is calculated daily on the fluctuating balance and typically charged at the end of the month.
Why Overdraft
An overdraft facility is great for flexible, short-term funding needs, especially when you aren’t sure how much funds you need. It doesn’t impact your business gearings significantly and provides a cushion for unexpected expenses or cash flow gaps. It offers a revolving credit facility, allowing businesses to borrow and repay as required, potentially reducing interest costs by paying only for the amount used.
Eligibility
01
20-25% of Turnover/gst filing
02
If higher limits neeeded .Eligibility can be based on current financial and Projections
Who Can Apply
Business Registration : Required
Business Vintage : Min 3 Years
Age : Min 23 Yrs Old
Annual Turnover : Min 20L
Collateral You Can Use
Owned Commercial Property
Owned Residential Property
Industrial Property
Warehouse & Buildings
Gold Jewellery & Machinery
Why crediting
Overdraft Loans Delivered by the Experts
Our Credit Expertise to optimize your loan prospects by matching with suitable lenders most likely to sanction youLoan . Secure favourable overdraft interest rates and negotiated terms for your OD facility.
Business Dreams Made Easy
Experience the ease of just one application and a minute unlocking infinite possibilities for your business. Our dedicated efforts ensure a swift turnaround, providing you with the desired overdraft loan within 3-7 days.
Overdraft Facilities Made Affordable
Use our free service to benefit from significantly lower ROIs with loan structures and terms tailored to your business needs.
Partners You Can Trust
At Crediting, our priority is securing your business funding. We assist you to avail finest overdraft interest rates and terms for you. This empowers your small business to thrive with Better flow availability
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FAQ
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A frequently asked question surrounding your service
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.