Overdraft Facility
Flexible Overdraft Solutions
Global Syndicate Finance, empowering your business with flexible overdraft solutions, every step of the way.
What is a Business Loan Overdraft benefits?
A business loan allows you to avail of finances for the working capital requirements of your business. However, if you’re unsure of the total loan amount that you may need, you can opt for a business loan overdraft facility. A business overdraft loan allows you to borrow funds from a pre-determined loan limit for your emergency business requirements.
With Global Syndicate Finance, you can get an OD loan for your business at an affordable interest rate. You can withdraw funds from this business OD loan limit based on your requirements, and the interest will be charged only on the amount you use. You can apply for a business overdraft loan by submitting minimal documents through an easy online process.
Advantages of Business Overdraft Loan
A High Loan Limit
Flexible Tenure
Fixed Cum Dropline OD Facility
No Collateral Required
Quick Approvals and Faster Disbursals
Why Should You Apply for a Business Overdraft Loan?
You can apply for a business overdraft loan from the comfort of your home or office. Here are some reasons why an OD loan is a great choice for your business:
Flexibility to Withdraw and Repay - By availing of a business overdraft facility, you will have the flexibility to withdraw funds from a fixed loan limit as per your requirements. You can withdraw any amount from this loan limit and as many times as needed during the tenure of your OD loan for business.
Save Interest Cost -When you withdraw funds from your business OD limit, the interest would be charged only on the amount drawn by you and not on the entire loan limit. Your interest will be calculated daily, but you’ll have to pay it only after the end of every month
No fixed EMI and Prepayment Charges : With an overdraft loan for business, you won’t have to face the hassles of paying fixed EMIs every month. Moreover, you can make prepayments on your OD business loan account any number of times without incurring any prepayment charges.
Virtual Loan Account : You can withdraw and deposit funds from an easy-to-operate virtual loan account. This will act like a current business account and will be based on an online model.
What are the Eligibility Criteria for a Business Overdraft Loan?
To apply for a business loan, you must be at least 21 years old at the time of application and no older than 65 years by the time of the last EMI payment. Your business should have been profitable for the last three financial years, with a turnover showing an upward trend. Additionally, your balance sheet must be audited by a registered Chartered Accountant.