About Overdraft Facility

Personal Loans

Updated on Mar 4, 2020

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How to avail of the personal overdraft facility?
The first eligibility that is required for every professional who intends to withdraw is to have a monthly salary of USD 30,000.
The necessary documents required to apply for a personal overdraft facility are mentioned below:
1. Permanent Account Number (PAN)
2. Identity card, passport or bills having your durable address proof
3. Six months bank statement
4. E-NACH mandate form
5. Any other documents can be asked depending on the lender’s rules and regulations.
What are the benefits gained from a personal overdraft facility?
Whether you have a debt to pay or high expenses that are making you worried, an overdraft facility will provide you a flexible solution to solve your problems conveniently having no fixed installments or re-pay limit as compared to a personal loan. It offers its customers an easy and reasonable solution to address your fundamental financial issues, alleviating your worries and giving you a serene life to live.
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