| Bank Name | Eligible Loan Amount |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Axis Bank Ltd.
|
9.50% | 1 % | 1500 | 12 |
|
|
Bank of Baroda
|
9.00% | 1% | 1000 | 12 |
|
|
Bank of India
|
9.35% | 1 % | 1000 | 12 |
|
|
Canara Bank
|
10.70% | 1% | 1000 | 12 |
|
|
Central Bank of India
|
10.10% | 1% | 750 | 12 |
|
|
State Bank of India
|
9.45% | 1 % | 1000 | 12 |
|
|
HDFC Bank Ltd
|
9.25% | 1% | 2000 | 12 |
|
|
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ICICI Bank Ltd.
|
9.75% | 1% | 1000 | 12 |
|
|
IDFC First Bank
|
9.50% | 1% | 1000 | 12 |
|
|
Indian Bank
|
9.50% | 1 % | 750 | 12 |
|
|
Indusind Bank
|
9.00% | 1 % | 1000 | 12 |
|
|
KOTAK MAHINDRA BANK
|
9.25% | 1% | 2000 | 12 |
|
|
South Indian Bank Ltd.
|
10.70% | 1% | 1500 | 180 |
|
|
Punjab National Bank
|
9.70% | 1% | 1000 | 12 |
|
|
RBL Bank Ltd.
|
9.50% | 1% | 500 | 12 |
|
|
UCO Bank
|
9.40% | 1% | 500 | 12 |
|
|
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Union Bank of India
|
9.80% | 1% | 500 | 12 |
|
|
United Bank of India
|
10.75% | 1% | 500 | 12 |
|
|
YES Bank Ltd.
|
8.00% | 1% | 500 | 12 |
|
|
Digibank (DBS)
|
9.00% | 1% | 500 | 12 |
|
|
Bank overdraft is such a facility offered by banks to their customers setting up a limit, the best of the loan is interest only get charged on utilized amount & generally limit are determined by the respective banks as per the relationship with customers. Both secured & unsecured loans available. Different type of loans has different types of eligibility, even bank overdraft also has eligibility criteria.
Bank Overdraft Eligibility CriteriaEligibility Criteria depends on various factors like age of individual, repayment history, monthly salary or business sales/turnover, total work experience & Creditworthiness ...etc.
Bank Overdraft Eligibility Criteria
To increase Bank Overdraft eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level: -
Build bond with lender: - Apart from depositing & withdrawing amount in bank, try to make good relationship with lender & build a strong bond as it will help you to increase the overdraft limit.
Applicant Age: - Thirdly, Lenders see’s your age to calculate the tenure period. Generally, a longer tenure period will save your money on EMI, this results in non- default in repayment.
Good Financial history: - Keep a close eye on your banking that all transaction is taking place correctly or not. If you found any error in the transaction quickly contact your bank branch to correct it as soon as possible to avoid any misleading on your financial history.
PHOTOGRAPHS 2
PAN CARD COPY
AADHAR CARD + PASSPORT
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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An Overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. Overdrafts apply to checks, debit cards or other transactions that are paid when the available balance in your deposit account is less than the amount of the transaction, which creates a negative balance in your account.
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Yes. An "NSF item" (also called a "bounced check") occurs when an item (such as a check or other transaction presented for payment) is returned unpaid because the available balance in your account is less than the amount of the item.
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Don’t overdraw it.
We recommend that you:
Keep track of how much money you have in your checking account; a great way to do this is by monitoring your account balances with free personal online banking. Remember that some checks and automatic payments may not have cleared yet.
Pay special attention to your electronic transactions
Don’t forget about automatic bill payments you may have set up for utilities, insurance, or loan payments.
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Overdraft Privilege is a discretionary service provided to eligible accounts. It is designed to help guard members against having items returned or declined.Overdraft Privilege is not a line of credit.
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Eligible accounts have been opened for at least thirty (30) days and thereafter must be maintained in good standing, which includes:
Continuing to make deposits consistent with your past practices, and depositing at least $400 in your account within each thirty (30) day period
You are not in default on any loan obligation to us
Your account is not the subject of any legal or administrative order or levy, such as bankruptcy or a tax lien
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Yes We always encourage our customers to have a savings or money market account at Financeseva. If you sign up for Account Linked Overdraft Protection, you can link an eligible account to your checking account. If presented items would cause your checking account to become overdrawn, we will automatically make a transfer from your linked account. Keep in mind, there is a transfer fee every time you use this service, but you will not be assessed an overdraft fee.
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Overdraft Privilege is available on most checking accounts. It is not available on savings account or any account owned by a minor.
CA Vikas Jain - Our Mentor
9863-02-02-02