An Unsecured Overdraft Facility is similar to an unsecured business loan, with the key difference being that it comes with a flat rate of interest. One of the major advantages of this facility is the flexibility to prepay without penalties.
Maintain liquidity for your business or professional needs, while paying interest only on the utilized portion—not the full limit.
For example, if an enterprise has an overdraft facility of INR 10,00,000 and utilizes only INR 5,00,000, interest is charged only on INR 5,00,000. Use the loan calculator below to estimate your repayment or leave an enquiry for a custom assessment.
Minimum Interest Rate: 14% p.a.* (varies by financial profile and institution)
*Rate of Interest (ROI) may differ based on the bank/NBFC’s terms and your financials.
Fingro Finserv Pvt. Ltd. offers an Unsecured Overdraft Facility to help you manage your short-term cash flow needs without pledging any collateral. Ideal for self-employed professionals and businesses, this facility allows you to withdraw funds as needed—up to a pre-approved limit—and pay interest only on the amount utilized.
Stay financially agile with a flexible credit line that works on your terms.
Maintain liquidity and meet business or personal expenses with ease—only with Fingro Finserv.
Get an Unsecured Overdraft Facility with no collateral & interest only on what you use.
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