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    Bank Overdraft

    LoanSeva’s Bank Overdraft Facility provides businesses and individuals with the financial flexibility to manage short-term cash flow needs efficiently. This revolving credit facility allows you to withdraw more money than what’s available in your current account, up to a pre-approved limit, ensuring you never face liquidity challenges.

    Ideal for entrepreneurs, traders, and SMEs, the Bank Overdraft can be used to cover operational expenses, purchase inventory, or manage emergency payments. You pay interest only on the amount utilized, making it a cost-effective and convenient funding option.

    With LoanSeva’s quick approval, minimal documentation, and competitive interest rates, you can keep your business running smoothly without interruptions.

    Documents Required

    • ✅ PHOTOGRAPHS – 2
    • ✅ PAN CARD COPY
    • ✅ AADHAR CARD + PASSPORT
    • ✅ LAST 3 YEARS FORM-16, ITR WITH COMPUTATION OF INCOME (IF FILED)
    • ✅ LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
    • ✅ LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
    • ✅ COMPLETE PROPERTY PAPERS WITH CHAIN & MAP + ATS
    • ✅ PROCESSING FEE CHEQUE IN FAVOUR OF BANK
    • ✅ LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
    • ✅ PHOTOGRAPH – BOTH
    • ✅ PAN CARD CLEAR COPY – PROPRIETOR
    • ✅ ADDRESS PROOF (PASSPORT, VOTER ID CARD) – PROPRIETOR
    • ✅ OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
    • ✅ FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
    • ✅ LAST 1 YEAR GST RETURN COPY
    • ✅ FIRM 3 YEARS ITR COMPUTATION, PROFIT & LOSS A/C, BALANCE SHEET, TAX AUDIT REPORT, ALL SCHEDULES & ANNEXURES
    • ✅ PROVISIONAL FINANCIAL AY 2019–20
    • ✅ BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT – LAST 1 YEAR UPDATED)
    • ✅ 6 MONTH SAVINGS ACCOUNT STATEMENT – UPDATED (PROPRIETOR)
    • ✅ IF RUNNING ANY LOAN – PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS WITH CHAIN & SANCTION MAP
    • ✅ PHOTOGRAPH – PARTNERS
    • ✅ PAN CARD – COMPANY & ALL PARTNERS
    • ✅ ADDRESS PROOF – ALL PARTNERS (PASSPORT, VOTER ID, PAN, AADHAAR)
    • ✅ FIRM ADDRESS PROOF – LATEST UTILITY BILL
    • ✅ PARTNERSHIP DEED COPY
    • ✅ GST CERTIFICATE
    • ✅ GST RETURN – LAST 1 YEAR
    • ✅ 3 YEARS COMPANY ITR, COI, P&L A/C, BALANCE SHEET, AUDIT REPORT (3CB, 3CD), ALL ANNEXURES & SCHEDULES WITH CA CERTIFICATION
    • ✅ PROVISIONAL FINANCIAL – AY 2019–20
    • ✅ 3 YEARS ALL PARTNERS’ INDIVIDUAL ITR & COMPUTATION
    • ✅ FIRM BANK ACCOUNT STATEMENTS – LAST 1 YEAR UPDATED
    • ✅ ALL PARTNERS’ SAVINGS ACCOUNT STATEMENTS – LAST 6 MONTHS
    • ✅ IF ANY RUNNING LOAN – LATEST SANCTION LETTER & REPAYMENT SCHEDULE / TRACK RECORD
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS – COMPLETE CHAIN WITH MAP
    • ✅ ALL DIRECTORS PHOTOGRAPHS
    • ✅ CLEAR PAN CARD – COMPANY AND ALL DIRECTORS
    • ✅ ADDRESS PROOF – COMPANY AND DIRECTORS
    • ✅ LIST OF DIRECTORS & SHAREHOLDERS – CA CERTIFIED AS ON DATE
    • ✅ MEMORANDUM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
    • ✅ GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
    • ✅ 1 YEAR GST RETURNS
    • ✅ ALL DIRECTORS’ INDIVIDUAL ITR & COMPUTATION – LAST 3 YEARS
    • ✅ LAST 3 YEARS COMPLETE FINANCIALS WITH TAX AUDIT REPORT AND ANNEXURES
    • ✅ PROVISIONAL FINANCIAL FY 2019–20 OR MONTH-WISE SALES FIGURE (LAST 1 YEAR)
    • ✅ COMPANY BANK ACCOUNT STATEMENTS – LAST 1 YEAR UPDATED
    • ✅ ALL DIRECTORS’ SAVINGS ACCOUNT STATEMENTS – LAST 6 MONTHS
    • ✅ IF ANY RUNNING LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS – COMPLETE CHAIN WITH SANCTION MAP

    Frequently Asked Questions

    It’s a short-term credit facility that allows you to withdraw funds beyond your account balance, up to an approved limit.

    Businesses, self-employed professionals, and individuals with regular income or business turnover can apply.

    The limit is based on your account history, business performance, credit score, and collateral value (if applicable).

    No, interest is charged only on the amount utilized and for the duration it is used.

    LoanSeva offers both secured and unsecured overdraft facilities, depending on your profile and creditworthiness.

    With LoanSeva’s streamlined process, your Bank Overdraft can be approved within 3–5 working days after verification.