All business need to be flexible, so it’s good to be ready for the opportunity. An overdraft will make sure that extra funds are available when you need them. Business OD allows you to grab any opportunity and any unexpected or expansion of your business. You only pay interest on the funds you use @Base Rate+Premium Rate(2-5%) of interest rate.
- Customers can pay their Interest in Monthly basis.
- The time period of loan could be 1 year.
- Customers can borrow maximum 50% of valuation amount.
- Upto 1.75% service charge on sanction amount will be charged to the customer.