FA, 2020 amendment increasing...
Bank Name | Key Features | |
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Interest rate
18.00% - 19.00% |
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Interest rate
18.00% - 19.00% |
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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 overdraft.
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.
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.
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