Get Overdraft Loan To Keep Your Business Running Smoothly!
Flexible overdraft solutions to manage cash flow, cover short-term expenses, and support daily business operations.
- Loan up to ₹5 Crore
- Tenure of up to 1 years
- Interest Only on Usage amount
- Collateral Secured/Unsecured
- Minimum Documentation
Zero Fees & Charges
Lowest Interest Rates
Fully Online Process
50+ Banks & NBFC
Apply Now & Get Fast Approval!
Highlights
Apply for an Overdraft Loan today!
CreditCares brings you Overdraft Loans through leading banks and NBFCs, with interest rates ranging from 8% to 26% per year. This loan is designed to help business owners manage daily cash flow needs, cover short-term expenses, or handle unexpected payments. With flexible credit limits and instant access to funds, you can withdraw what you need, when you need it, without long delays. We work with over 50 trusted banks and NBFC partners to offer solutions that fit your business requirements without complicated processes. The application is simple, with minimal documents and fast approval, so you get quick access to working capital. CreditCares makes it easy to manage your business smoothly by providing fast and reliable overdraft support.
Overdraft Loan Details
Overdraft Loan (OD) Interest Rates
Our Overdraft Loan interest rates range from 8.00% to 26.00% p.a. Interest rates may vary on the basis of loan tenure and applicant profile, lenders also consider these factors while evaluating Overdraft Loan applications.
Eligibility Criteria for Overdraft Loan
In addition to the above-mentioned eligibility criteria, Banks may also consider the credit score, Business profile, etc. of its applicants while evaluating their Overdraft Loan eligibility.
Documents Required for Overdraft Loan
Here is the list of documents required by Banks for availing a Overdraft Loan:
- Passport (optional)
- Driver’s license
- Aadhar card*
- Voter ID card
- PAN card*
- Utility bills (electricity, water, gas)*
- GST registration certificate.
- Partnership deed (for partnerships business)
- Memorandum and Articles of Association (for companies)
- Trade license
- Shop and Establishment certificate
- Udyam certification with annexure
- GST certificate
- Business bank statements
- Income tax returns of the business
- GSTR 3b
- Audited financial statements (Profit and Loss statement, Balance Sheet)
- Business income proof (such as sales invoices, contracts, or revenue statements)
- Passport-sized photographs
- References
- Any additional documents requested by the lender
- Having a co-applicant is mandatory.
- In certain cases, having a woman co-applicant is also mandatory.
- A co-applicant can be a spouse or any first blood relative, such as parents, siblings, or children who have attained the age of maturity (subject to the income-ownership grid).
- All co-owners of the property must be part of the loan structure.
- Friends cannot be co-applicants unless they are coming in the capacity of partners, directors, or shareholders.
What We Do?
At CreditCares, we are your trusted Overdraft Loan partner, dedicated to making short-term business financing simple and accessible. Our experienced team connects you with the right lenders, guiding you through every step—from understanding your cash flow needs to securing flexible overdraft limits with top banks and NBFCs. As a premier Overdraft Loan facilitator, we ensure clients receive tailored solutions and a smooth application experience.
We take pride in our role as a leading Overdraft Loan provider by offering expert advice and personalized support. Whether you need funds for managing working capital, day-to-day expenses, or unexpected financial gaps, our team is committed to helping you access the right financing. Trust CreditCares as your preferred Overdraft Loan partner and experience a seamless process designed to keep your business running smoothly.
Our Happy Clients
Frequently Asked Questions
An Overdraft Loan is a flexible credit facility that allows your business to withdraw funds up to an approved limit whenever needed. It helps manage short-term cash flow gaps, working capital requirements, and day-to-day expenses.
Businesses with a stable financial track record, a minimum operational period (usually 1–2 years), and satisfactory turnover can apply. Both proprietorships and companies can qualify depending on lender criteria.
The limit is usually based on your business’s average cash flow, turnover, and banking history. Lenders assess your ability to repay before approving a suitable limit.
Interest rates vary between banks and NBFCs and are typically charged only on the utilized amount, not the entire approved limit. This makes overdraft loans a cost-effective financing option.
Yes, overdraft limits can be renewed or enhanced based on your repayment history, business performance, and updated financial statements.
Common documents include business registration proof, bank statements, financial statements, PAN card, and KYC documents of owners or partners. Specific requirements may vary by lender.