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Contractor OD

The Contractor Overdraft is a revolving credit facility designed for contractors and construction-related businesses that need to manage their daily financial operations efficiently. This facility allows contractors to borrow money up to a pre-approved limit based on their business requirements, project timelines, and cash flow cycles. The overdraft works like a flexible loan, with the contractor able to withdraw funds, repay them, and draw again, as needed, within the limit.

Overview

Commerical Car | Mini Bus | Tempo | 3 Wheeler | Bus | Truck etc

Features

  • Most hassle free loan
  • Attractive Interest rate starting with --.--% with –
  • Rebate of 0.50% for Standard Assets
  • LOW processing charges
  • Hassle free documentation

Eligibility

  • Age: 18 to 65 years.
  • Constitution:Individuals/Firms/Schools/Pvt.Hospitals/TransportCo./ Trust/Society/ Industrial Units etc.

Documentation

  • Proof of Income – ITR & Form 16
  • Proof of Address & Identity
  • Vehicle Quotation

Documentation

  • Proof of Income – ITR & Form 16
  • Proof of Address & Identity
  • Vehicle Quotation

Others

  • Loan Amount : Mion 10 Lacs to Max as per project cost
  • Choice of Loan : Term Loan & Cash Credit
  • For more quries please contact to your nearest branch.
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