Overdraft Facility sorted in one form.

Salaried individuals with stable income, self-employed professionals, and business owners with at least 2 years of operating history are generally eligible. Lenders typically look for a CIBIL score of 700+, regular bank statements, and either a fixed deposit, property, or strong income profile to back the facility.

A salaried overdraft is typically offered against your salary account with a limit based on income, while a business overdraft can be secured against property, stock, or receivables and generally allows a higher limit.

Not always. Salaried individuals can often get an unsecured overdraft, while higher-limit business overdrafts are usually secured against property or other assets.

There's no fixed EMI on an overdraft. Interest is charged only on the amount you actually utilize — not the full sanctioned limit — calculated daily and typically debited monthly. You can deposit funds anytime to reduce the utilized balance and interest owed. Rates vary by bank and applicant profile — Finolink helps you compare rates across lenders before applying.

Use the eligibility calculator on this page — enter your monthly income, CIBIL score, and existing EMI obligations to get an instant estimate. Your actual limit depends on your monthly salary or turnover, employer/business category, and existing obligations. Finolink compares OD offers across top banks to find you the highest eligible limit at the lowest rate.

Share your income and banking documents with Finolink, we match you against suitable lenders, you select an offer, complete the lender's verification, and the OD limit is sanctioned and linked to your account — usually within a few working days.

Several banks and NBFCs offer overdraft facilities for self-employed individuals, typically secured against property or business turnover — Finolink helps identify the best fit based on your profile.

Overdraft limits depend on your income, turnover, or the value of collateral offered. Secured OD against property or large fixed deposits can run into several crores, while unsecured OD for salaried individuals is typically capped at a multiple of monthly income.

There's no single best bank for everyone — the right choice depends on whether you want a secured or unsecured OD, your income type, and your existing relationship with a bank. Finolink compares rates and limits across partner lenders so you get the most suitable option, not just the first one offered.