Your Dreams, Powered
by Smart Overdrafts

An overdraft is a banking facility that lets you withdraw more money than your account balance, up to a pre-approved limit.

You should consider taking an overdraft when you need quick, short-term access to funds and want maximum flexibility.s

Instant access to funds whenever you need money Interest charged only on the amount used, not on the full limit Flexible repayment with no fixed EMIs Reuse funds multiple times after repayment Helps manage cash flow gaps smoothly Quick approval and easy availability Ideal for short-term and emergency needs Better control over finances with online tracking

Immediate access to extra funds when your balance runs low Pay interest only on what you use, keeping costs under control No fixed EMIs, repay as per your convenience Flexible and reusable credit limit for repeated needs Ideal for short-term cash flow gaps and emergencies Quick approval with minimal documentation Better financial flexibility compared to short-term loans

Pre-approved credit limit linked to your bank account Withdraw beyond your account balance up to the approved limit Interest charged only on the utilized amount No fixed repayment schedule or EMIs Flexible repayment and reuse of funds Quick access to money anytime Renewable facility (usually yearly) Easy online monitoring and control Suitable for short-term personal or business needs

Income level – Stable and sufficient income increases eligibility Credit score – A good credit history improves approval chances Employment or business stability – Longer job tenure or business continuity helps Banking relationship – Existing relationship and account history with the bank Account turnover – Regular transactions and healthy cash flow Repayment history – Timely repayment of past loans or credit facilities Age and profile – Applicant’s age and overall financial profile Security or collateral (if applicable) – Some overdrafts require fixed deposits, property, or salary linkage Existing liabilities – Current loans and EMIs impact eligibility