Pramukh Financial

Overdraft Facility

A credit agreement made with a financial institution that permits to use or withdraw more than they have in their account. It helps an individual or small business with short term cash flow problems.

overdraft facility is a credit agreement made with a bank that allows an account holder to use or withdraw more money than what they have in their account up to the approved limit.

The sanctioned overdraft limit and the interest charged will vary based on the nature of the asset offered as collateral.

The overdraft facility works like an approved loan. Money can be withdrawn as and when required and the interest has to be paid only on the amount borrowed and only for time it was borrowed.

Establishing an overdraft facility with a bank can help individuals or small businesses with short term cash flow issues, although the negative balance need ..

Silent Features:

1: Flexible credit.
2: No fixed monthly repayments.
3: Helpful to avoid cheque bounced.
4: Residential and commercial properties accepted as collateral.

Meet Our Advisior

Merry Michale

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipis civelit sed quia non qui dolorem

Company Brochure

Download Brochure PDF Download Brochure Doc File