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  • No 27 Lakshmi Takies Road, Shenoy Nagar
    Chennai, 600 030
  • +91 7010750301
  • md@srihari-associates.com

Overdraft Loan

An Overdraft Loan is a flexible line of credit that enables you to borrow up to an approved limit whenever necessary. It’s an effective solution for managing cash flow, handling unexpected expenses, or providing a financial cushion. You only incur interest on the amount you borrow, and once repaid, your credit limit becomes available again.

Flexible Limits

We offer overdraft loans with flexible credit limits, ensuring you have access to funds when you need them most.

Competitive Interest

Our overdraft loans come with competitive interest rates, making it easier for you to manage your finances without high borrowing costs.

Quick Access to Funds

With an overdraft loan, you can quickly access funds anytime you need them, ensuring you’re never caught off guard by unexpected expenses.

Our overdraft loans are designed to be convenient, with no collateral required and flexible repayment options. Whether you need to manage your cash flow, cover unexpected expenses, or simply have a financial cushion, we are here to help with reliable, affordable options.

Evaluate Your Financial Situation

Before applying for an overdraft loan, it’s crucial to assess your financial situation. Consider your income, existing debts, and ability to make timely repayments.

Plan Your Repayment

Creating a clear repayment plan helps ensure that you can manage your finances effectively while using the overdraft loan. This allows you to stay on top of your financial commitments without affecting your day-to-day financial stability.

1. What is the eligibility for an overdraft loan?
To be eligible for an overdraft loan, you typically need to have a steady income, a good credit score, and meet other financial criteria as set by the lender.
You can improve your chances by maintaining a good credit score, reducing existing debts, and providing accurate information on your application.
Overdraft loans are usually processed quickly, with funds available in as little as 24 to 48 hours.
Overdraft loans can be used for various financial needs, such as covering unexpected expenses, managing cash flow, or providing a financial safety net.
Interest rates vary depending on your financial profile and the specific terms of the overdraft loan agreement.
  • No collateral required
  • Flexible borrowing limits
  • Quick access to funds
  • Convenient repayment options
  • Use for various financial needs
  • Competitive interest rates
  • Easy application process
  • No hidden fees