Overdraft Loan
Explore personal, home, business and other loan categories relevant to residents of Overdraft Loan. Lender availability, branch access and digital journeys vary — check product pages for indicative rates and next steps.
Flexible OD-style banking limits.
Overdraft Loan – Overview
Overdraft Loan — Flexible OD-style banking limits.
Eligibility, interest rate and loan amount depend on your credit profile and the lender’s policy at the time of sanction. Figures shown here are indicative for comparison only.
LoanPao provides product information and free enquiry support across India, with strong focus on Delhi NCR service density. Final approval always rests with the bank or NBFC.
Check Your Eligibility
EMI Calculator
Top Lenders (Indicative)
| Bank / NBFC | Interest Rate | Loan Amount | Tenure | Processing Fee | |
|---|---|---|---|---|---|
| SBI | ~10.00%–14.00% p.a. | ₹5 Lakh – ₹5 Cr | 12 mo renewable | 0.50%–1.00% | Apply |
| Bank of Baroda | ~10.00%–14.00% p.a. | ₹5 Lakh – ₹5 Cr | 12 mo renewable | 0.50%–1.00% | Apply |
| Yes Bank | ~11.50%–16.50% p.a. | ₹5 Lakh – ₹1 Cr | 12 mo renewable | Up to 1.50% | Apply |
| Kotak Mahindra Bank | ~11.00%–16.00% p.a. | ₹5 Lakh – ₹2 Cr | 12 mo renewable | Up to 1.50% | Apply |
| HDFC Bank | ~11.00%–16.00% p.a. | ₹5 Lakh – ₹2 Cr | 12 mo renewable | Up to 1.50% | Apply |
| Tata Capital | ~14.00%–22.00% p.a. | ₹1 Lakh – ₹50 Lakh | 12 – 36 months | 1.00%–3.00% | Apply |
| ICICI Bank | ~11.00%–16.00% p.a. | ₹5 Lakh – ₹2 Cr | 12 mo renewable | Up to 1.50% | Apply |
Rates and limits are indicative only, may change without notice, and are not an offer. Final terms are set by the lender after eligibility assessment. Verify current offers with the bank or NBFC.
*Indicative ranges for comparison. Final offer depends on profile and lender policy at sanction.
Everything You Need to Know
Eligibility Criteria
| Applicant type | Salaried or self-employed resident Indians |
|---|---|
| Age | 21 – 58 years (salaried); up to 65 at maturity on some products |
| Income (salaried) | Minimum net salary often ₹15,000 – ₹25,000 per month |
| Income (self-employed) | Minimum annual income often ₹2 Lakh – ₹3 Lakh with 2 years ITR |
| Credit score | 700+ preferred; 750+ for best interest rates |
| Employment vintage | Salaried: 6–12 months with current employer; business: 1–3 years |
| FOIR | Total EMIs usually capped around 40%–55% of net monthly income |
Documents Required
| Identity (KYC) | PAN and Aadhaar (or passport / voter ID as accepted) |
|---|---|
| Address proof | Aadhaar, utility bill or passport from lender list |
| Income – salaried | Last 3–6 months salary slips; Form 16 if asked; 3–6 months bank statements |
| Income – self-employed | ITR + computation for 2 years; GST returns if registered; 6–12 months statements |
| Employment / business | Employee ID / appointment letter; Udyam / GST / registration for businesses |
| Disbursal | Cancelled cheque or account details in applicant name |
Processing Fees & Charges
- Processing fee: commonly 0.50% – 2.50% of loan amount
- Documentation / stamp charges: state-wise actuals
- Valuation / legal (secured loans): often ₹2,000 – ₹10,000+
- Prepayment: many floating home loans flexible; personal loans may charge 2%–5% after lock-in
- Late payment: penal interest often 2%–3% per month on overdue EMI
- Insurance: optional or bundled; premium may be financed
Application Process
- Share amount, city and product need via enquiry
- Review indicative eligibility
- Submit KYC and income documents
- Complete verification steps
- Read sanction letter (rate, fee, tenure)
- Accept and receive disbursal
Frequently Asked Questions
What is Overdraft Loan?
Overdraft Loan is a credit product with terms set by each lender. Use this page as a guide before you apply.
What interest rate can I expect?
Rates depend on score, income and policy. Website figures are indicative only.
What is a typical loan amount?
Amount depends on eligibility, income and product limits set by the lender.
What documents are required?
PAN, Aadhaar, income proofs and bank statements are common. Product-specific papers may apply.
Does CIBIL score matter?
Yes for most formal loans. Higher scores improve options and pricing.
How long for approval?
Digital products can be faster; secured products need more verification.
Can self-employed apply?
Often yes with ITR and banking proofs.
Is LoanPao free?
Yes — enquiry and comparison are free for customers.
Can I prepay the loan?
Often yes after lock-in; check charges in the agreement.
How do I apply from Delhi NCR?
Submit a free enquiry with your city/PIN or apply via the partner lender journey.