Equitas Bank Overdraft, Equitas Bank Overdraft Interest Rates

Equitas Bank Overdraft offers all its account holders an overdraft facility with minimum interest rate.

Equitas Bank Merchant Overdraft

Equitas Bank offers funds through Equitas Bank Merchant Overdraft to meet your working capital needs. This is best suited for frequent cash inflow.

Equitas Bank Merchant Overdraft is mainly designed for businesses under the category traders, retailers, service providers, etc.

  • Such business houses or MSMEs need funds to:
  • Meet seasonal demands
  • Avail cash discounts by paying on time
  • Pay off vendors
  • Extend credit to customers

Equitas Bank Overdraft Features

  • Equitas Bank assigns a limit under which the borrower can withdraw
  • Equitas Bank Merchant Overdraft has a pre-sanctioned limit
  • It is unsecured overdraft in nature
  • Faster approvals are granted

Equitas Bank Overdraft Eligibility

  • MSMEs should have owned premise
  • Applicant should maintain an account with the Equitas Bank
  • Minimum 3 years of Proprietorship/ Partnership business
  • Minimum Turnover of Rs. 5 lakhs per year

Equitas Bank Overdraft Documents Required

  • Business Registration Proof
  • KYC documents
  • Bank statement
  • Property ownership document

Equitas Bank Overdraft Amount

Get overdraft from Rs. 1 lakh to Rs. 2 lakhs

One time approval for usage upto 12 months

Equitas Bank Overdraft Interest Rate and Other Charges

Rate & ChargesInterest Rate
Interest Rate21%
Processing fee2%