Online Credits

Maximizing Financial Flexibility with Overdraft and Cash Credit Services

  • 29-Jul-2024
Overdraft and Cash Credit
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In today’s fast-paced business environment, having access to additional funds can be crucial. Online Credits offers overdraft and cash credit services to ensure your business operations run smoothly.

What is an Overdraft?

An overdraft allows you to withdraw more money from your bank account than you have, up to a certain limit. This facility provides you with the flexibility to manage short-term financial needs.

Benefits of Our Overdraft Facility

  1. Immediate Access to Funds: Access additional funds instantly when needed.
  2. Interest on Usage: Pay interest only on the amount utilized, not on the entire overdraft limit.
  3. No Fixed Repayments: Flexible repayment terms based on your cash flow.

What is Cash Credit?

A cash credit is a short-term loan provided to businesses to meet their working capital requirements. This facility helps manage inventory, receivables and other operational expenses.

Advantages of Cash Credit

  1. Continuous Access to Funds: Maintain liquidity to cover short-term business expenses.
  2. Interest on Utilization: Interest is charged only on the amount withdrawn, not on the sanctioned limit.
  3. Revolving Credit: As you repay the borrowed amount, you can re-borrow up to the limit.

How to Avail Overdraft and Cash Credit Facilities

  1. Eligibility Check: Meet with our experts to determine your eligibility.
  2. Documentation: Provide necessary documents such as business financials and bank statements.
  3. Approval: Once approved, the facility is set up and you can start using the funds.

Why Choose Online Credits?

  • Flexible Limits: We offer flexible overdraft and cash credit limits based on your business needs.
  • Competitive Interest Rates: Attractive rates to minimize your borrowing costs.
  • Expert Advice: Our financial advisors will guide you in managing and optimizing your credit facilities.

Ensure your business has the financial flexibility it needs with Online Credits. Contact us at 9873585995 or email us at Sadiqkhan7@gmail.com for more information.

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