Loans

1. Current Account (Over Draft):

Overdraft facility is a financial facility that enables you to withdraw money from your current account, even if the account balance goes below zero.The customer can withdraw money up till the assigned limit.

Like any other credit facility, the bank levies an interest rate when you avail the overdraft facility. Interest on these products is charged only on the utilized amount.

The borrower will have to provide Deposit as collateral or security in order to avail Overdraft facility

A cheque book is issued by the bank in the name of the company,