Overdraft Account-OD

Eligible category of borrowers

  • Regular members of our bank only

Line of activity

  • Persons engaged in business / professional services / Employees / others having good turnover / income.

Quantum of loan

  • As mentioned in Interest chart

Repayment

  • As applicable

Rate of Interest

  • As mentioned in Interest chart (Subject to changes / revision from time to time)

Purpose

  • Working capital / Business improvement / Business Expansion

Security

  • Simple Mortgage of the Immovable property

Shares

  • As applicable

Sureties

  • 2 sureties who are necessarily to be Regular members / Nominal members of the bank Spouse should become one of the sureties.

Other charges

  • As applicable.

Documents Required

  • Specified loan application.
  • Guarantor’s declaration form.
  • Address and income proof of both borrower & sureties.
  • IT Assessment orders (3 years) / Audited Financial statements.
  • All original property documents.
  • Valid legal opinion / valuation report on the property along with Insurance
  • Required margin as the case may be
  • Any other letter/document related to the activity/purpose as the case may be.
  • Other terms & conditions as applicable.

For more details / clarification please contact your nearest branch.

Overdraft Account-OD
AMOUNT 12M
Upto Rs. 10.00 Lacs 14.75%
Rs. 10.00 Lacs to Rs. 15.00 Lacs 15.50%
Rs. 15.00 Lacs to Rs. 25.00 Lacs 15.75%
Rs. 25.00 Lacs & Above 16.00%