Chauhan Finserve

  💼 What is an Overdraft Facility? An Overdraft Facility is a short-term credit option linked directly to your bank account. It allows you to withdraw more money than your available account balance, up to a pre-approved limit, without the need to reapply each time. It’s a smart financial tool designed to manage sudden cash requirements — ideal for both salaried individuals and business professionals. 🔑 Key Benefits of an Overdraft: ✅ Loan Limit: ₹1 Lakh to ₹50 Lakhs+ (based on your income or business profile) ✅ Interest Only on Used Amount: You pay interest only on the amount utilized, not the full limit ✅ No Fixed EMI: There is no mandatory EMI — repayment is flexible ✅ Instant Access to Funds: Withdraw money anytime, even if your account balance is low ✅ No Re-application Required: Once approved, use as per your need, multiple times ✅ Perfect for: Managing business expenses, salary delays, or emergency personal needs 🧠 Example: Suppose you have only ₹5,000 in your ...