Overdraft Loan

The Bank shall extend the credit facility to the extent of an overdraft limit (sanction limit)
against which the account holder can withdraw.

The loan amount for overdraft shall be determined by contract value of work, supply orders, and stocks, etc.

TENURE

Maximum term period of one year.

FLOATING RATE

Overdraft Loan: 9.50%

Eligibility

Documents Required

  • Detailed project costing of activities to be carried out
  • Copy of land ownership certificate or insurance copy of assets to be mortgaged
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