Guide
Overdraft facilities, explained
A limit you draw and repay, not a fixed EMI in every case.
How an overdraft is different
A personal loan is usually disbursed in one amount and repaid by EMI. An overdraft is a limit. Interest is charged on what you use, and you can repay and draw again while the limit is live. That suits uneven cash flow better than a wedding or a one-time purchase.
The indicative starting rate on this desk is 11.50% p.a., and the tenure discussed is up to 9 years. Both depend on the institution and the profile. They are not a sanction.
What is usually required
Salary or business credits, existing obligations, and the credit report are read before a login. A limit is not released because a form was submitted. If the profile supports it, the lender’s process — not this website — sets the clock.
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