Apply for Business Overdraft Online
Manage your business cash flow with ease using the Business Overdraft facility from Credmorex. This flexible credit option allows you to withdraw funds beyond your account balance, helping you cover short-term expenses like payroll, inventory, or bills. You only pay interest on the amount used, not the entire limit. With quick approval, minimal documentation, and no need to reapply each time, Credmorex provides reliable financial support tailored to your business needs. Apply online today and stay ahead in business!
Apply for Business Overdraft Online
Attractive Interest Rates
The interest rates are nominal to avoid repayment burden.
Minimal Documentation
Quick Disbursal
No Collateral
Frequently Asked Questions on Business Overdraft Online
What is a business overdraft?
A business overdraft is a short-term credit line that lets you withdraw more money than your current account balance up to a set limit.
Who is eligible for a business overdraft?
Businesses with regular income, good banking history, and valid financial documents are eligible.
How is interest charged?
Interest is charged only on the amount utilized from the approved overdraft limit.
Is collateral required?
It may be required depending on the limit and business profile, though some smaller limits may be unsecured.
What is the overdraft limit and tenure?
Limits can range from ₹1,00,000 to ₹50,00,000, typically reviewed and renewed annually.