Loan up to ₹50 Cr | Minimal Documentation Required
An Overdraft Facility is a flexible credit solution that allows businesses to withdraw funds from their bank account beyond the available balance, up to a pre-approved limit. Interest is charged only on the amount utilized, making it an efficient financing option for managing short-term cash flow requirements.
Whether you need funds to purchase inventory, pay suppliers, manage seasonal demand, or cover operational expenses, an overdraft facility offers quick access to working capital when your business needs it most.
At EMAX Loans, we help businesses compare overdraft facilities from multiple banks and NBFCs to find financing options best suited to their requirements.
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Finding the right overdraft facility involves comparing credit limits, interest rates, repayment flexibility, and lender eligibility. Our advisors simplify the process by helping you evaluate multiple financing options before making a decision
We understand your requirements and guide you through every stage of the loan process.
Our experts help you prepare and organize all required documents accurately.
We assess your profile to identify the lenders most suitable for your financial requirements.
We coordinate directly with banks and NBFCs to ensure a smooth and hassle-free loan process.
Our streamlined process helps minimize delays and speeds up loan approvals.
Strategic lender selection and proper documentation improve your chances of loan approval.
Eligibility depends on the lender and business profile. Common requirements include:
| Eligibility Criteria |
| Indian business entity or proprietor |
| Stable business operations |
| Good credit profile |
| Satisfactory annual turnover |
| Business vintage as per lender requirements |
| Healthy banking transactions |
The documents needed to apply for an overdraft facility may differ based on whether the facility is personal or business-related and whether it is secured or unsecured. Below are the standard documents typically required by banks and NBFCs.
Business loan interest rates vary depending on factors such as Business profile, Annual turnover, Credit history, Existing banking relationship, Credit limit required, Lender policies
We help you compare financing options for:
A secured overdraft is backed by collateral such as property, fixed deposits, or other eligible assets. It often comes with higher credit limits and competitive interest rates.
An unsecured overdraft does not require collateral. Approval is typically based on your credit profile, income, business performance, and the lender's eligibility criteria.
This facility allows borrowers to use residential or commercial property as security to access a higher overdraft limit for business or personal financial needs.
Customers can avail an overdraft against their fixed deposit without breaking it. This option usually offers quick access to funds at competitive interest rates.
Designed for businesses, this facility enables current account holders to withdraw funds beyond their available balance to manage short-term working capital and operational expenses.
A working capital overdraft helps businesses maintain smooth day-to-day operations by providing flexible access to funds for inventory purchases, supplier payments, payroll, and other operational requirements.
Unlike traditional loans, overdraft facilities generally do not have fixed EMIs. Interest is charged only on the amount utilized and for the duration it remains outstanding.
Our financial advisors can help you understand estimated interest costs and repayment structures based on your funding requirements.
Use our Business Loan EMI Calculator o estimate your monthly EMI based on
Get your loan approvals in 5 simple steps.
Tell us about your business and working capital needs.
Our advisors assess your business profile and funding requirements.
Review overdraft facilities from multiple banks and NBFCs based on credit limits, interest rates, and eligibility.
Our team assists you with preparing and submitting the required documents.
Once approved by the lender, your overdraft facility is activated according to the lender's terms and conditions.
Find answers to common questions about overdraft facilities.
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