Just take 2 minute for your loan

Fill up the form below and loan executive would get in touch with you

    Dropline Overdraft

    LoanSeva’s Dropline Overdraft is a dynamic financial solution that offers flexible access to funds whenever your business needs them. Unlike traditional term loans, a dropline overdraft provides a pre-approved credit limit that gradually reduces (or “drops”) over time, allowing you to withdraw, repay, and re-withdraw funds as needed within the sanctioned limit.

    This facility is ideal for entrepreneurs, SMEs, and self-employed professionals who face fluctuating cash flow requirements. You pay interest only on the amount utilized, making it an economical and convenient funding option.

    With quick approvals, minimal paperwork, and competitive interest rates, LoanSeva’s Dropline Overdraft helps you maintain financial stability and uninterrupted business operations.

    Documents Required

    INDIVIDUAL

    • ✅ PHOTOGRAPHS – 2
    • ✅ PAN CARD COPY
    • ✅ AADHAR CARD + PASSPORT
    • ✅ ADDRESS PROOF (IF RENTED, ALSO REQUIRED PERMANENT ADDRESS PROOF)
    • ✅ 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
    • ✅ MACHINE QUOTATION
    • ✅ ORDER IN HAND
    • ✅ LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

    PROP FIRM

    • ✅ 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 SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
    • ✅ IF RUNNING ANY LOAN – PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS WITH CHAIN & SANCTION MAP

    PARTNERSHIP FIRM

    • ✅ PHOTOGRAPH – ALL PARTNERS
    • ✅ PAN CARD – COMPANY, ALL PARTNERS
    • ✅ ADDRESS PROOF – ALL PARTNERS (PASSPORT, VOTER ID CARD, PAN, AADHAAR)
    • ✅ FIRM ADDRESS PROOF – LATEST ANY UTILITY BILL
    • ✅ PARTNERSHIP DEED COPY
    • ✅ GST CERTIFICATE
    • ✅ GST RETURN – LAST 1 YEAR
    • ✅ 3 YEARS COMPANY ITR, PROFIT & LOSS A/C, BALANCE SHEET + AUDIT REPORT (3CB, 3CD), ALL ANNEXURES & SCHEDULES – CA CERTIFIED
    • ✅ PROVISIONAL FINANCIAL – AY 2019-20
    • ✅ 3 YEARS ALL PARTNERS’ INDIVIDUAL ITR + COMPUTATION
    • ✅ FIRM ALL ACCOUNT BANK STATEMENTS – 1 YEAR UPDATED
    • ✅ ALL PARTNERS’ SAVING ACCOUNT STATEMENT – 6 MONTHS
    • ✅ IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORD / REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS COMPLETE CHAIN WITH MAP

    PVT.LTD

    • ✅ ALL DIRECTORS PHOTOGRAPH
    • ✅ 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 FINANCIAL WITH TAX AUDIT REPORT & ANNEXURE
    • ✅ PROVISIONAL FINANCIAL – FY 2019-20 OR MONTH-WISE SALES FIGURE (LAST 1 YEAR)
    • ✅ COMPANY ALL BANK ACCOUNT STATEMENTS – 1 YEAR UPDATED
    • ✅ ALL DIRECTORS SAVINGS ACCOUNT STATEMENT – 6 MONTHS
    • ✅ IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULE
    • ✅ AGREEMENT TO SELL COPY
    • ✅ PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

    Frequently Asked Questions

    What is a Dropline Overdraft?

    A Dropline Overdraft provides a credit limit that decreases gradually over time, giving borrowers access to funds as per their needs.

    Who can apply for this facility?

    Business owners, traders, and professionals with consistent income or turnover can apply.

    How is it different from a regular overdraft?

    Unlike a regular overdraft, the credit limit in a dropline overdraft reduces periodically until the tenure ends.

    What are the benefits of a Dropline Overdraft?

    You pay interest only on the utilized amount, enjoy flexibility, and can withdraw or repay multiple times.

    Is collateral required?

    LoanSeva offers both secured and unsecured dropline overdraft options depending on your profile and business requirements.

    How long does it take to process?

    With LoanSeva’s fast and transparent process, approval usually takes 3–5 working days, subject to documentation.

    About Us

    Our goal at Borrow Loan Company is to provide access to personal loans and education loan, car loan, home loan at insight competitive interest rates lorem ipsums. We are the loan provider, you can use our loan product.

    Quick Links

    Loans

    Contact Us

    #204, 2nd floor, vv vintage boulevard, Somajiguda, Hyderabad - 500082

    +91 91009 18002
    +91 99926 29262

    +91 80580 50959

    info@loanseva.in

    Copyright © 2025 LoanSeva. All rights reserved.

    Designing by 99Hosters