Drop Line Overdraft

Maximum LTV available with dropline overdraft; this facility allows you to pay interest only when the money is used. Both secured and unsecured loans are available, so you don't need to submit collateral.

Dropline overdraft Eligibility Criteria

Overdraft on a dropline The eligibility criteria are determined by a number of elements, including the individual's age, repayment history, business sales/turnover, total work experience, and creditworthiness.

Eligibility Criteria for Self-Employed Individuals

• Self-employed individuals must be between the ages of 24 and 65.
• The minimum income for the previous two years’ ITR should be 2.5 lakhs.I
• Two to five years of business continuity is required.

Eligibility Criteria for Self-Employed Non- Individuals

• Self-employed individuals must be between the ages of 24 and 65.
• For the last two years, the minimum cash profit should be 3 lakhs.
• Two to five years of business continuity is required.

Documents Required

Individual

• Two photographs
• Pan card copy
• Aadhar card + passport
• Address proof if rented also required permanent address proof
• Last 3 years’ form -16, ITR with computation of the income if the file
• Last 1 year’s bank statement - salary account
• Loan schedule & sanction letter (if running)
• Complete property papers with chain & map +ATS
• Complete property papers with chain & map +ATS
• Last 3 months’ salary slip + appointment letter

Prop Firm

• Photograph Both
• Pan Card Clear Copy Proprietor
• Address Proof (Pass Port, Voter Id Card) Proprietor
• Office Address Proof Latest (Electricity Bill, Telephone Bill)
• Firm Registration Certificates & Gst Registration Copy
• Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit
• Report, All Scheduled & Annexure
• Provisional Financial Ay 2023-24
• 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 a Sanction Letter And Repayment Scheduled
• Agreement To Sell Copy
• Property Papers With Chain Sanction Map

Partnership Firm LLP

• Photograph Partners
• Pan Card - Company, All Partners
• Address Proof - All Partners (Passport, Voter I Card, Pan, Adhaar)
• Firm Address Proof- Latest Any Utility Bill
• Partnership Deed Copy
• GST Certificate
• GST Return Last 1 Year
• 3 Year Company ITR COI P/L A/C Balance sheet + Audit Report 3cb 3cd, All Annexures, Scheduled with C.A. Certified
• Provisional Financial Ay 2023-24
• 3 Years all Partner Individuals ITR + Computation
• Firm All A/C Bank Statement 1 Year Updated
• All Partner Saving A/C Statement 6 Month
• If Running Any Loan – Latest Sanction Letter + Track Records Or Repayment Scheduled
• Agreement To Sell Copy
• Property Papers Complete Chain With Map

PVT LTD

• Address Proof – Company and Directors
• List Of Director & Share Holder With 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 Individuals ITR & Computation Last 3 Years
• Last 3 Years Complete Financial With Tax Audit Report And Annexure
• Provisional Financial Fy 2023-24 Or Month Wise Sale Figure Last 1 Year
• Company All Directors Saving A/C Statement 6 Month and Account Statement 1 Year Updated
• All Directors Saving A/C Statement 6 Month
• If Running Any Loan – The latest Sanction Letter And Repayment Scheduled
• Agreement To Sell Copy
• Property Papers Complete Chain with Sanction Map