Overdraft Facility

Balaji Credit offers financial services to avail an overdraft (OD) facility enabling an enterprise to carry out business transactions without any hypothecation on current assets.

Major SME being still not aware of Overdraft facility, they pledge their valuable assets for a loan where repayment option is only EMI which hampers the cash flow of the firm/company. In an EMI repayment, interest is charged on the whole loan amount irrespective of whether the amount is fully utilized or not. But In an OD facility interest is charged on the utilized amount vis-a-vis number of days the amount is been utilized.


  • Interest to be charged on Utilization basis.
  • Interest to be charged only for number of days the amount is utilized.
  • No Pre-Payment penalty.
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