About Rupee Bridge Overdraft
For entrepreneurs and individuals who need flexible access to funds without long approval cycles, our Overdraft facility is the perfect financial cushion. Unlike traditional loans, you only pay interest on the amount you use, making it a smarter choice for dynamic financial needs.
Whether it’s managing unexpected expenses, covering payroll, or seizing sudden opportunities, Rupee Bridge’s Overdraft gives you the power to move fast without worrying about collateral or rigid terms.
Collateral-Free Access
No collateral is required to access funds.
Flexible Withdrawal & Repayment
Convenience and flexibility in managing funds.
Key Benefits of Overdraft
Experience hassle-free funding with interest only on the amount used—perfect for managing short-term needs and seizing new opportunities.
No Collateral Required
100% unsecured facility—no assets needed.
Instant Access to Funds
Get funds when you need them, directly to your account.
High Flexibility
Withdraw and repay multiple times within the limit.
Ideal for Short-Term Needs
Perfect for bridging cash gaps or handling urgent expenses.
Frequently Asked Questions
What is an Overdraft Facility?
An Overdraft (OD) is a short-term loan facility that allows a business to withdraw more money than what is available in its bank account, up to an approved limit. It helps businesses manage their day-to-day cash flow and tackle sudden financial needs.
What is the interest rate on an Overdraft Facility?
The interest rates on Overdraft facilities typically range from 10% to 18% per annum depending on factors
What is the typical tenure for an Overdraft?
Overdrafts are generally short-term facilities, typically reviewed and renewed annually. Some banks may offer revolving overdraft facilities, allowing continued access to funds within the approved limit.
How is interest calculated on an Overdraft?
Interest is calculated on the outstanding balance and charged daily. This means if you borrow ₹1 lakh for 10 days, you’ll only be charged interest for that period, rather than on the full annual limit.
Can startups get an Overdraft Facility?
While traditional banks prefer businesses with at least 1–2 years of operation, some NBFCs and fintech lenders provide Overdraft facilities for startups with strong financial projections, good credit score, and a solid business plan.
Why choose Rupee Bridge for an Overdraft Facility?
- * Quick and easy access to multiple lenders
- * Flexible solutions tailored to your working capital needs
- * Competitive interest rates and repayment terms
- * Expert support throughout the process