WishON Finserv Solutions
Overdraft
A renewable limit, not a term EMI. Limits up to 9 years. Rate from 11.50% p.a., depending on profile. Salary-account OD at private banks; CC / OD for traders, firms, trusts, hospitals, and institutions against stock, debtors, or property.
- Eligibility from partner banks and NBFCs
- Indicative rates from 11.50% p.a.
- Official CIBIL report — free once a year on cibil.com
HDFC Bank Limited
ICICI Bank Limited
Axis Bank Limited
Kotak Mahindra Bank Limited
IDFC FIRST Bank Limited
Bajaj Finance Limited
Who it suits
- Salaried and government employees
- Proprietorship, partnership, LLP
- Private and public limited companies
- Trusts, NGOs, hospitals, schools and colleges
- Unlimited companies
Documents
- PAN card
- Aadhaar card
- One current address proof
- Last 3 months bank statements
- Last 3 months salary slips (salaried OD)
- GST / ITR and stock or property papers (business OD)
On this product
- Rate from 11.50% p.a., depending on customer profile.
- Overdraft limits of up to 9 years. Drawing power and annual review follow the lender.
- Interest is charged only on the amount drawn.
- Business OD is filed for proprietors through public limited companies, trusts, NGOs, hospitals, and private schools.
- OD limit typically within 24 working hours once papers are in.
- Indicative rate
- 11.50% – 16.00% p.a.
- Amount
- ₹1 L – ₹5 Cr
- Tenure
- Up to 9 years
- Sourcing fee
- ₹0 from the applicant
Lending partners
Full legal names and marks for identification. WishON originates. The institution sanctions, prices, and disburses.
HDFC Bank Limited
ICICI Bank Limited
Axis Bank Limited
Kotak Mahindra Bank Limited
IDFC FIRST Bank Limited
Bajaj Finance Limited
HDB Financial Services Limited
Aditya Birla Finance Limited
Axis Finance Limited
Indicative EMI
Priced at the floor rate for Overdraft. Your offer will move with bureau, FOIR, and the lender.
Overdraft: every year from 1 to 9. Subject to lender and age at maturity.
Type with a point — 9.99, 11.50, 14. Type it; do not use 999. Floor for this product is 11.50% p.a.
₹75,000 and above: FOIR / DBR generally 70–75%, bank to bank. You may type a figure inside the band (60.5 is allowed).
- ₹20,000 – ₹35,000: 50%
- ₹35,000 – ₹50,000: 55%
- ₹50,000 – ₹75,000: 60–65%
- ₹75,000 – ₹1 lakh & above: 70–75%
Sum of EMIs already due — housing, auto, personal, cards minimum due if revolving. Deducted from FOIR before a new loan.
Compare
Overdraft vs personal loan
Personal starts cheaper on the board — 9.99% vs 11.50%. Overdraft can still cost less if you do not draw the full limit. Floor rates only. Not a sanction.
| Personal loan | Overdraft | |
|---|---|---|
| Floor ROI | From 9.99% p.a. | From 11.50% p.a. |
| Interest charged on | The full outstanding, every month, as you amortize. | Only what you have drawn, for the days it is drawn. |
| Monthly cash out | Fixed EMI (principal + interest). | Interest on utilisation. Principal stays until you repay it. |
| Tenure | Up to 8 years. | Limit up to 9 years, reviewed. |
| Clock | Same-day login / disbursal on eligible files; else 24–48 working hours. | Limit typically within 24 working hours. |
| Ends at | Zero. The loan is closed. | Whatever you still have drawn. It is a line, not a term loan. |
| Lenders | Private banks and NBFCs — not PSU banks. | Private banks and NBFCs; salary-account OD or business CC. |