No Collateral Required
An overdraft facility can be taken up by anyone who does not have enough funds in their accounts and facing unannounced expenses. Overdraft facility loans can be a one-stop solution for business owners to quench their financial thirst easily. Get Business Overdraft at 15% R.O.I at the minimal documentation.
Overdraft limit is usually applied by businesses to meet their daily working capital requirements or for individuals who are in need of quick cash.
Citizenship : Individuals should have citizenship of India.
Age: The age of the borrower should be between 23 years-60 years.
Bank Account: Applicant should have existing bank account with the respective bank.
Documents Required for Business Overdraft Facility
1. Duly filled application form with Passport-sized photographs
2. Identity Proof: Passport, Voter ID card, Driving License, PAN card, Aadhar card
3. Address Proof: Utility Bills (Water/Electricity Bills), Passport, Driving License, Voter ID card
4. Last 12 months’ bank statement
Apply for the working capital loan hassle-free with My Mudra. We are offering a swift loan approval process. Get your working capital loan disbursed within a day with the three easy steps mentioned below.
1. Apply for My Mudra Business OverDraft with a click.
2. Get the documentation done online on the portal.
3. Enjoy quick disbursal of your Business OverDraft.
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