• 9863020202    
  • contact@financeseva.in

Unsecured Drop Line Overdraft Limit @ 16.00% Onwards

Financeseva offers Unsecured Drop Line Overdraft facility Limit for Doctor & CA profession to meet immediate professional requirements. This facility offers the flexibility in repayment & interest is charged only on the amount utilized.
Enquiry Form
Apply online Unsecured Drop Line Overdraft Limit @16.00%
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Tenure (Month)
Bajaj Finance Limited
18.00% - 19.00%
2 %
36
Tata Capital Financial Services Limited
18.00% - 19.00%
2 %
48
Kotak Mahindra Bank
18.00% - 20.00%
2%
36
Bank Name Key Features
Bajaj Finance Limited
Interest rate

18.00% - 19.00%

Tata Capital Financial Services Limited
Interest rate

18.00% - 19.00%

Kotak Mahindra Bank
Interest rate

18.00% - 20.00%

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Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. 2 Photographs
  2. PAN Card Copy
  3. AADHAR CARD AND PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  6. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  7. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  8. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  9. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  10. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  14. PHOTOGRAPH BOTH
  15. PAN CARD CLEAR COPY PROPRIETOR
  16. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  17. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  18. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  19. LAST 1 YEAR GST RETURN COPY
  20. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  21. PROVISIONAL FINANCIAL AY 2019-20
  22. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED
  23. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  24. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  25. AGREEMENT TO SELL COPY
  26. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN , ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BAALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.NK ACCOUNT STATEMENT 1 YEAR UPDATED
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What is Dropline Overdraft (DOD) ?

The Dropline overdraft facility refers to the secured loan category where against a property as security, loan is given for a specified period where the loan amount is reduced every month / quarterly / semi-annually / annually (depends upon bank to bank) from the principal amount. 
The right of ownership of the property is still with the borrower and you are still allowed to continue using it for residential or commercial purposes.There is no annual maintenance charge in drop line o

Why Choose a Dropline Overdraft Facility ?
  1. Interest Only Loan : The greatest advantage of dropline overdraft facility is that you have to pay only the interest for the amount you utilise and not on the entire loan amount. The principal amount is automatically deducted from the main loan amount at regular intervals (monthly / semi-annually / annually) depending upon bank to bank.
  2. Unique Financial Facility : Easy and conveniently availability of a Dropline Overdraft is the biggest advantage of this financial product.
What all documents required for taking Dropline Overdraft Loan ?
  • Personal Documents
    1. Application form with Passport Size Photographs of all applicants and co applicants
    2. PAN Card of applicant and co applicant
    3. Identity Proof – Voter ID / Driving License / Passport / Aadhar Card (Any one can be submitted)
    4. Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill (Any one can be submitted)
    5. Ownership proof of either residence or office either in the name of applicant or jointly with family.
Advantage of Dropline Overdraft Facility ?

The biggest advantage of Dropline Overdraft is that it is an interest only EMI loan that can be made available for higher amount till 100 crores and that too at lower rate of interest (10% - 13%) and higher tenure (till 15 years) with lower EMI as compared to other loan products without much hassle subject to some factors considered by bank while giving loan.

How it works ?
  • Answer Basic Questions
  • Check loan Eligibility
  • Apply Online / Offline

We have associations with leading banks and NBFC's to provide you wide range of Dropline Overdraft options with different set of commercials as per your unique case study analysis. Our customised matchmaking algorithm ensures that we match your requirements with available options and provide you with the best suitable results matching your requirements.

Why to apply a Dropline Overdraft on Finance Seva ?
  • Oldest Loan Advisor: 15 years of versatile professional experience since the inception of retail loans industry in 2002.
  • One Loan Professional: Dedicated one loan professional assigned to your financial need.
  • Consistent Award Winner: Honoured by various bank & NBFCs for outstanding performance since 2005 to till date.
  • Associations: Tie-ups with more than 40+ banks & NBFCs.
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