Achieve Your Goals with an Business Overdraft Loan

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Application

Submit your business documents, bank statements, and proof of income to apply for the overdraft facility.

Assessment

CredMart evaluates your business performance, creditworthiness, and cash flow to determine your overdraft limit.

Access Funds

You can withdraw funds as needed, up to the sanctioned limit, to manage your business operations seamlessly.

Features and Benefits of Business Overdraft Loan

A business overdraft loan provides flexible access to funds, allowing business owners to manage cash flow effectively without the need for collateral. Here’s how it can benefit your business:

⦿ Cash Flow Management: Access funds during cash shortages to maintain seamless operations.

⦿ Working Capital: Use it for inventory, payroll, or day-to-day expenses.

⦿ Quick Approval: Fast processing ensures you can access funds when needed.

⦿ Interest on Usage: Pay interest only on the amount utilized.

Business Overdraft Loan Eligibility Criteria

To qualify for a business overdraft loan, you must meet these requirements:

⦿ Business vintage of at least 2 years.
⦿ Minimum annual turnover of ₹10 lakhs.
⦿ A good credit score (650 or above).
⦿ Proof of business income.
⦿ Must be a registered business entity in India.

Required Documents

⦿ Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport
⦿ Address Proof: Utility bills, rental agreement, or business registration
⦿ Financial Proof: Last 12 months’ bank statements, audited financials
⦿ Business Proof: GST registration, business license, partnership deed
⦿ Photographs: Passport-size photos

Apply today for financial flexibility tailored to your business needs!

Calculate Your EMI

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Business Overdraft Loan Reviews

CredMart's business overdraft loan saved my business during a cash crunch. The quick approval and flexible repayment options were a game-changer!

Game Changer

Arjun Mehta, Owner of Mehta Textiles

Seamless process and transparent terms! The overdraft loan helped me maintain smooth cash flow during peak season.

Founder of Gupta Exports

Sonal Gupta

Thanks to CredMart, I could cover operational expenses without disrupting my business. Highly recommend their overdraft facility!

Director of VMA Enterprises

Ravi Verma

The loan process was fast, and I only paid interest on what I used. Perfect for managing short-term financial needs.

Retail Business Owner

Prachi

CredMart's business overdraft loan offered the flexibility and financial cushion I needed to grow my business. Fantastic service!

Manufacturing Business Owner

Amit Roy

FAQs

A business overdraft loan allows businesses to access extra funds up to a pre-approved limit to manage short-term financial needs, such as working capital or unexpected expenses.

It provides a credit line linked to your business account. You can withdraw funds as needed and pay interest only on the amount used.

Flexible repayment, quick access to funds, and interest charged only on the utilized amount.

Eligibility depends on factors like business turnover, credit score, and operational history.

Common documents include business registration proof, financial statements, tax returns, and bank account details.