Unsecured Overdraft Loan
Have Business in Kolkata?
Get pre-approved limit of ₹30 lakhs onwards
![Overdraft 1 Overdraft](https://creditcares.in/wp-content/uploads/2024/05/Asset-1.png)
What is a Overdraft and Why Should You Consider It?
Defination:
An overdraft is a financial facility that allows businesses to withdraw more money than they have in their account, up to a pre-approved limit. This flexible option helps manage short-term cash flow needs, ensuring operations continue smoothly even when funds are low.
CreditCares’ online overdraft facility offers essential financial support with competitive interest rates, ensuring critical business expenditures remain intact. Apply for a swift overdraft from CreditCares today and secure your business’s financial flexibility!
- Interest is charged only on the amount used
- Immediate access to additional funds
- Effective management of unexpected costs
Whether you’re a small business owner or a growing enterprise looking for loan in kolkata, our business loan is designed to help you achieve your business objectives.
Key Feature's
Loan amount
30 Lakh - 1 Crore's
Loan Tenure up-to
48 months
Loan Sanction in
2 days
Disbursement time
5-6 days
Eligibility & Documentation
Who Can Apply?
Business owners, including sole proprietors, partnerships, corporations, and LLCs, can apply for business loans. Eligibility generally requires a good credit score, a solid business plan, and financial statements demonstrating revenue and profitability.
![Overdraft 3 5164520](https://creditcares.in/wp-content/uploads/2024/05/5164520.jpg)
CIBIL Score of 750 or higher
Business operational for 2+ years
12 months bank statement
Gst Registration Certificate
Get your Loan in 4 easy steps
01.
Apply for Loan
Complete the loan application form online with your personal and financial details.
02.
Documentation and KYC
Submit necessary documents and undergo KYC verification to ensure compliance with regulatory requirements.
03.
Accept the Loan Offer
Review the loan offer, including terms like loan amount, interest rate, and repayment schedule. If it fits your needs, accept it.
04.
Disbursement
Once you accept the offer, the lender will transfer the funds to your bank account.
Documents Required
Ensure smooth processing of your business loan application by providing the necessary documents.
- 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.
Official Lending Partners
![Overdraft 4 aditya birla finance limited 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/aditya-birla-finance-limited-1-1-1.webp)
![Overdraft 5 Au small finance bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Au-small-finance-bank-1-1-1.webp)
![Overdraft 6 Privo 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Privo-1-1-1.webp)
![Overdraft 7 capital first 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/capital-first-1-1-1.webp)
![Overdraft 8 axis bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/axis-bank-1-1-1.webp)
![Overdraft 9 Bank of maharashtra 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Bank-of-maharashtra-1-1-1.webp)
![Overdraft 10 Canara bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Canara_bank-1-1-1.webp)
![Overdraft 11 fullerton 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/fullerton-1-1-1.webp)
![Overdraft 12 Federal bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Federal_bank-1-1-1.webp)
![Overdraft 13 dhfl 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/dhfl-1-1-1.webp)
![Overdraft 14 deutsche bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/deutsche-bank-1-1-1.webp)
![Overdraft 15 edelweiss 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/edelweiss-1-1-1.webp)
![Overdraft 16 dcb 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/dcb-1-1-1.webp)
![Overdraft 17 CLIX 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/CLIX-1-1-1.webp)
![Overdraft 18 CASHe 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/CASHe-1-1-1.webp)
![Overdraft 19 citi bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/citi-bank-1-1-1.webp)
![Overdraft 20 hdfc bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/hdfc-bank-1-1-1.webp)
![Overdraft 21 icici bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/icici-bank-1-1-1.webp)
![Overdraft 22 FT cash 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/FT_cash-1-1-1.webp)
![Overdraft 23 hero fincorp 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/hero-fincorp-1-1-1.webp)
![Overdraft 24 idbi 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/idbi-1-1-1.webp)
![Overdraft 25 hsbc 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/hsbc-1-1-1.webp)
![Overdraft 26 iifl 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/iifl-1-1-1.webp)
![Overdraft 27 incred finance 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/incred-finance-1-1-1.webp)
![Overdraft 28 indiabulls 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/indiabulls-1-1-1.webp)
![Overdraft 29 idfc 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/idfc-1-1-1.webp)
![Overdraft 30 indusind bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/indusind-bank-1-1-1.webp)
![Overdraft 31 indian bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/indian_bank-1-1-1.webp)
![Overdraft 32 Karur Vysya Bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Karur_Vysya_Bank-1-1-1.webp)
![Overdraft 33 shriram 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/shriram-1-1-1.webp)
![Overdraft 34 INTELLEGROW 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/INTELLEGROW-1-1-1.webp)
![Overdraft 35 kotak mahindra 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/kotak-mahindra-1-1-1.webp)
![Overdraft 36 larsen toubro 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/larsen-toubro-1-1-1.webp)
![Overdraft 37 Karnataka Bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Karnataka_Bank-1-1-1.webp)
![Overdraft 38 rbl 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/rbl-1-1-1.webp)
![Overdraft 39 Standard Chartered logo 1 1](https://creditcares.in/wp-content/uploads/2024/04/Standard-Chartered-logo-1-1.png)
![Overdraft 40 Punjab Sind Bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Punjab_Sind_Bank-1-1-1.webp)
![Overdraft 41 Muthoot finance Ltd 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Muthoot_finance-Ltd-1-1-1.webp)
![Overdraft 42 piramal housing finance 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/piramal-housing-finance-1-1-1.webp)
![Overdraft 43 Poonawalla credit 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Poonawalla-credit-1-1-1.webp)
![Overdraft 44 MoneyWide 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/MoneyWide-1-1-1.webp)
![Overdraft 45 Loantap creditd 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Loantap-creditd-1-1-1.webp)
![Overdraft 46 reliance 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/reliance-1-1-1.webp)
![Overdraft 47 Ujjivan small finance bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Ujjivan_small_finance_bank-1-1-1.webp)
![Overdraft 48 union bank of india 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/union-bank-of-india-1-1-1.webp)
![Overdraft 49 Bank of India 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Bank-of-India-1-1-1.webp)
![Overdraft 50 bank of baroda 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/bank-of-baroda-1-1-1.webp)
![Overdraft 51 Punjab national bank 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/Punjab_national_bank-1-1-1.webp)
![Overdraft 52 State bank of India 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/State_bank_of_India-1-1-1.webp)
![Overdraft 53 yes 1 1 1](https://creditcares.in/wp-content/uploads/2024/04/yes-1-1-1.webp)
Our Happy Clients
Excellent Customer Service and Support
Big thanks to Creditcares! Mere business ke liye ek perfect rate me loan mil gaya. very fast process, aur mera cibil bhi ab 740+ hogya. Props to the team for keeping it real and helping me level up
![Overdraft 54 placeholder](https://creditcares.in/wp-content/plugins/master-addons/assets/images/placeholder.png)
Excellent Customer Service and Support
![Overdraft 54 placeholder](https://creditcares.in/wp-content/plugins/master-addons/assets/images/placeholder.png)
Excellent Customer Service and Support
![Overdraft 54 placeholder](https://creditcares.in/wp-content/plugins/master-addons/assets/images/placeholder.png)
Frequently Asked Questions
Find out you answers here