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Overdraft Facility (OD-Salaried)

CODE:NA

Deal Type:SRF

8 Years Validity                 Upto 25 Lakhs

Keep an approved OD for 8 years - Use for Emergency - Withdraw only when required - Interest as low as 1% p.m. Quick approval for salaried individual above 20k.


ABOUT THE SERVICE PROVIDER (SP)

Bizpeak Solutions Pvt Ltd is a financial consultant dealing with various banks & financial institutions. The SP help the customer with best credit solutions. Bizpeak analyse the customer profile and suggest the best bank/financial institution for easy approval and maximum customer benefits.

 

OVERDRAFT

An Overdraft (OD) is like a credit facility. It can be used for financial emergency situations. Hence you can just keep it approved.

 

USE CASE

95% people will not have liquid money/cash in hand or savings account, it would be invested in some kind of property or business. If there is an emergency for some 10-15 lakhs, immediately it will be difficult to liquidate & arrange the money, even for financial upper class people. So OD is a solution for this situation.

 

BENEFITS

You can get an OD fund approved. It can be valid upto 10 years. It have an interest as low as 1% p.m, which will only be chargeable for the amount you withdraw and the period you have utilised. Refer the below example

 

EXAMPLE
Approval

Approved OD Limit – 20 Lakhs

Activation Date - 1st Jan 2024

Now you have an emergency

Temporary Fund Requirement

 

Withdrawal

Withdrawal Date - 1st August 2024

Withdrawal Amt - 6 Lakhs

 

Pay Back

You deposited back 6 Lakhs

Date of Pay Back - 31st Aug 2024

 

Interest Payment 

Payable Interest - Rs.6000 Only

Interest Rate - 1% p.m. onwards

Here, you only need to pay interest for Amt (You have withdrawn) for Days (You have utilised)

 

IMPORTANT FEATURES

Minimum Salary - 20,000

Validity Upto 10 Years

Interest as low as 1% p.m.

Lowest Processing Charges

Quick & Easy Approval

Minimum Documentation Process

We deal with multiple banks & financial institutions

Service available anywhere in India

 

HOW TO APPLY ?

Click >> Apply Button

Get a call back from the merchant/service provider

               OR

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Deal Information

Deal Name Overdraft Facility (OD-Salaried)
Portal Finance

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