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Overdraft Facility

Get an Overdraft Facility From Any Bank — Pay Interest Only on What You Use

Whether you're a salaried professional or a business owner, Finolink compares overdraft offers across 15+ banks and NBFCs — HDFC, ICICI, Axis and more — so you get the best limit, the lowest rate, and a fast, hassle-free approval.

Apply for Overdraft → 📞 Call for Free Advice
✓ 15+ Partner Banks ✓ Salaried & Business OD ✓ Secured & Unsecured Options

Overdraft & EMI Calculator

₹5,00,000
₹50K₹5Cr
11.5% p.a.
8%24%
12 months
1 mo5 yrs
Est. Monthly Interest
₹4,791
Per day cost
₹160
Amount Used
₹5.0L
Total Interest
₹0.57L
Total Payable
₹5.57L
Principal vs Interest split
Principal 90%
Interest 10%
Apply for Overdraft — Free Consultation →
₹50,000
₹15K₹5L
↑ tap value to type directly
720
300900
₹0
₹0₹1L
↑ tap value to type directly
Max OD limit eligibility ₹10,00,000
Check Full OD Eligibility — Free →
Approved in 24h* For eligible profiles
15+ Bank Partners Best rate match

How to Get an Overdraft Facility From Any Bank for business - Quick Answer

To get an overdraft facility from any bank in India: check your eligibility (CIBIL score 700+, stable income or 2+ years business history), choose between a secured OD (against FD or property, higher limit, lower rate) or unsecured OD (based on income, faster but smaller limit), gather KYC, bank statements, and income/business proof, then apply directly with a bank like HDFC, ICICI, or Axis — or use a DSA consultant like Finolink to compare 15+ lenders at once and get matched with the fastest, most suitable approval at no extra cost.

How to Get an Overdraft Facility From Any Bank for Individual - Quick Answer

Personal overdraft facilities are generally available to salaried individuals with a minimum monthly salary of ₹50,000 or above. Eligibility is determined based on the applicant's income as well as the category and profile of the employer company, with preference often given to employees working in approved or reputed organizations.

Banks That Offer Overdraft Facility

Finolink compares offers across all partner banks to find your best OD limit and rate

Overdraft facility revolving credit line explained

What Is an Overdraft Facility?

An overdraft (OD) is a revolving credit line linked to your account that lets you withdraw more than your balance, up to an approved limit. Unlike a term loan, you don't get a lump sum upfront — you draw funds as needed and repay anytime, with interest charged only on the amount actually used.

Overdraft facility for salaried individuals

Salaried Individuals

If you need a financial cushion for unexpected expenses without taking a full personal loan, an unsecured OD against your salary account or FD gives you flexible access to funds with no fixed EMI burden.

Business overdraft for working capital

Business Owners

Cash-flow gaps between receivables and payables are common in business. A working-capital overdraft lets you bridge these gaps without disrupting operations, paying interest only for the days the limit is utilized.

Process

How to Get an Overdraft Facility — Online, From Any Bank

Four simple steps, fully guided by our consultants at zero cost to you

Apply for overdraft facility online process

1. Share Your Profile

Tell us your income type, monthly income or business turnover, and whether you want a secured or unsecured OD. Takes under 2 minutes online or by phone.

2. Get Matched to Lenders

We run your profile against eligibility criteria across our 15+ partner banks and NBFCs and shortlist the offers with the best limit and lowest interest rate for you.

3. Submit Documents

Upload KYC, bank statements, and income/business proof. We pre-check everything so your formal application goes in clean the first time.

4. Get Sanctioned

Once the lender completes verification, your OD limit is sanctioned and linked to your account — typically within a few working days, faster for FD-backed or existing-customer OD.

Secured vs Unsecured

Secured OD (against property or FD) offers higher limits and lower rates. Unsecured OD relies on income and credit score, with faster approval but typically smaller limits.

Stay Flexible

There's no prepayment penalty on an OD. Deposit funds anytime to cut your utilized balance and reduce the interest you owe — reuse the limit as often as you need.

Overdraft Facility — Eligibility, Documents & FAQs

Everything you need to know before applying for an overdraft facility from any bank.

  • Pay interest only on the amount utilized — not the full sanctioned limit
  • Revolving credit — repay and reuse without reapplying
  • Ideal for managing business working capital and cash flow gaps
  • Limits based on income, property value, or FD collateral
  • Lower effective cost vs. term loans for short-term needs
  • No prepayment penalty — repay anytime to reduce interest
  • Salaried professionals, self-employed individuals, and business owners
  • Minimum 2 years of business operation (for business overdraft)
  • Adequate income / turnover as per lender norms
  • Good credit history with CIBIL score 700+
  • Property or FD ownership may enhance OD limit (secured OD)

The following documents are typically required. Exact requirements vary by lender.

Aadhaar Card
PAN Card
12 Months Bank Statements
ITR Last 2 Years
Business Financial Statements
GST Certificate (if applicable)
Business Registration Proof
Property / FD Documents (secured OD)
Salaried individuals with stable income, self-employed professionals, and businesses with 2+ years of operating history are generally eligible, provided they have a CIBIL score of 700+ and a clean banking record.
Ease of approval depends on your existing relationship and profile. Banks like HDFC, ICICI, and Axis process OD quickly for existing customers. We compare 15+ lenders to find where you'll get approved fastest.
Use the eligibility calculator above with your income, CIBIL score, and existing EMIs for an instant estimate, or request a free, precise eligibility check from our consultants.
Share your details with us, get matched to suitable lenders, submit documents, and your OD limit is sanctioned and linked to your account — typically within a few working days.
There's no fixed EMI. Interest is calculated daily on the utilized balance and typically debited monthly; you can deposit funds anytime to reduce what you owe.
There's no universal best bank — it depends on whether you want secured or unsecured OD and your income profile. We match you to the lender with the best fit, not just the first offer.
FD-backed OD or OD against an existing salary account is usually the fastest, since the lender already holds your financial data and can sanction it almost instantly.
Secured OD against property or large fixed deposits can reach several crores, while unsecured OD for salaried individuals is usually capped at a multiple of monthly income.
Yes, you can apply directly with your bank, but approval depends on their internal policy. Finolink can approach your bank alongside 15+ other partner lenders for the best and fastest approval.
What Clients Say

Real Results, Real People

Customers who got their overdraft facility through Finolink

★★★★★

"Needed a working capital cushion for my retail business. Finolink got me an unsecured OD within a week — much faster than going to the bank myself."

AY
Aniket Yadav Overdraft · Noida
★★★★★

"I only pay interest on what I actually use. The team explained secured vs unsecured OD clearly and got me a higher limit against my FD."

NB
Nishat Bhardwaj Overdraft · Ghaziabad
★★★★★

"Compared three banks for me and got a much better rate than my own bank offered. Smooth process from start to sanction."

PP
Pooja Prajapti Overdraft · Delhi

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