📋 Eligibility Criteria

✅ Standard Eligibility

• Minimum 2 year business vintage required

• CIBIL score 685 and above

• Minimum banking turnover 40 lakh

Loan Amount: Up to ₹2 Crore

⚠️ Limited Eligibility

• Business vintage less than 2 year

Maximum Loan: ₹8 lakh only

Flexi Loan (Dropline OD) | Overdraft Facility Business India | PaisaPort Finance

PaisaPort Finance

OD Available with: IDFC Bank Kotak Bank Bajaj Finance Aditya Birla Tata Capital Godrej Capital L&T Finance Poonawalla Fincorp

Flexi Loan (Dropline OD)

Dropline Overdraft lets you overdraw from a current account up to an agreed limit. The operating limit reduces each month from the sanctioned limit. Interest applies only on the amount utilized; you can deposit any time to reduce outstanding. Interest is calculated daily and charged monthly.

Interest Rate & Features

Interest Rate: 17% to 22% per annum
Depends on: CIBIL score, turnover & loan eligibility
Tenure: 1–4 years
Interest charged: Only on utilized amount

Example: Tenure 60 months, limit ₹10,00,000 ⇒ every month the limit reduces by ₹16,666. After 1 month available limit ≈ ₹9,83,334. This continues till tenure end.

Available at Leading Banks & NBFCs

Get your Flexi Loan (Dropline OD) from these trusted financial institutions

Kotak
Mahindra Bank

IDFC
First Bank

Bajaj
Finance

Aditya Birla
Capital

Tata
Capital

L&T
Finance

Godrej
Capital

Poonawalla
Fincorp

Pay interest only on used amount

Flexible withdrawal & repayment

Available from multiple trusted lenders

Key Features

Unsecured option available (no collateral)
Interest charged monthly, calculated daily
Borrowing limit up to bank’s discretion
Usable on monthly/quarterly/half-yearly/yearly basis
Typical limit period: 1–4 years
One-time processing fee

Documentation — Proprietorship / Private Limited / Partnership

🆔 KYC Documents

Aadhar Card
PAN Card
Owner Photo
Bank Statement (1 Year)
Electricity Bill (Address proof)

🏢 Business KYC

GST Certificate (if applicable)
Shop & Establishment License
Trade License
Udyam Registration (MSME)
Partnership Deed / MOA & AOA (if applicable)

💰 Financial Documents (for loans >₹30L)

GST 3B Returns (6 months)
ITR with P&L and Balance Sheet (2 years)
CA Certified Financials
Current Account Statement (12-24 months)

Apply Now — Flexi Loan (Dropline OD)

Fill this quick form — we’ll call you shortly.

Full Name* Mobile* (10-digit) Email City* State* Pincode* Business Vintage* Annual Turnover* GST Registered?* OD Limit Required* Purpose

📎 Document Upload (Optional - Speeds up processing)

1. Aadhar Card 2. PAN Card 3. GST Certificate 4. Owner Photo 5. Bank Statement (1 Year) 6. Electricity Bill I consent to be contacted by phone/WhatsApp/SMS/email for loan processing and agree to share my information with banking partners.

We’ll never share your details.