Overdraft Loan
Purpose Financing on current assets of the business
Financing Ratio: Maximum 70% of net current assets (Total Current Assets- Payable & Creditors)
Nature Revolving & renewable
Disbursement Limit is provided on the account and   the borrower can withdraw the amount within limit as per need.
Principal Repayment Full within expiry.
Interest repayment On quarterly basis but prior to the expiry of the facility.
Security: Normally 150% but not less than 100% coverage by the mortgaged collateral security.
Tenure: Maximum one year period.

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