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up to Rs. 1 Crore

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What is a Business Loan Overdraft benefits?

A business loan allows you to avail of finances for the working capital requirements of your business. However, if you’re unsure of the total loan amount that you may need for your business, you can avail of a business loan overdraft facility or an overdraft business loan. A business overdraft loan allows you to borrow funds from a pre-determined loan limit for your emergency business requirements.

With Tata Capital, you can get an OD loan for business of up to Rs. 90 lakhs at an affordable interest rate. You can withdraw funds from this business OD loan limit based on your requirements, and the interest would be charged only on the amount used by you. You can apply for a business overdraft loan by submitting minimum documents through an easy online process.

  • Loan Amount

    ₹ 1 Lakh to ₹ 90 Lakhs

  • Loan Tenure

    12 months to 60 months

  • Interest rate starting @

    12.5% p.a.* onwards (professional),

    15.5% p.a.* onwards (non-professionals)

Advantages of Business Overdraft Loan

A High Loan Limit

By availing of Tata Capital’s OD loan for business, you can get a loan limit of up to Rs. 90 lakhs. You can withdraw from this loan limit anytime to meet the urgent financial requirements of your business. 

Flexible Tenure

You can choose to repay the amount you borrow from your business loan overdraft limit in a convenient repayment tenure. Our business overdraft tenure may range between 12 months and 60 months.

Fixed Cum Dropline OD Facility

At Tata Capital, we provide a fixed-cum-dropline business OD facility. This will help you in reducing your overall borrowing costs. By getting a fixed line facility of up to 24 months, you can pay only the interest amount during the fixed line period.

No Collateral Required

We won’t ask you to submit any additional collateral or security for providing you with a business OD loan. You can get an OD loan for business without putting your valuable assets on the line.

Quick Approvals and Faster Disbursals

We provide quick approvals for overdraft business loan applications. It means that you don’t have to wait for long to get access to your business’ working capital. Moreover, we ask for minimum documentation for providing an overdraft loan for business.

Why Should You Apply for a Business Overdraft Loan?

You can apply for business overdraft loan from the convenience of your home or office. Here are a few reasons why you should take an OD loan for business:

Flexibility to Withdraw and Repay

By availing of a business overdraft facility, you will have the flexibility to withdraw funds from a fixed loan limit of up to Rs. 90 lakhs. You can withdraw any amount from this loan limit and for any number of times during the tenure of your OD loan for business.

Save Interest Cost

When you withdraw funds from your business OD limit, the interest would be charged only on the amount drawn by you and not on the entire loan limit. Your interest will be calculated daily, but you’ll have to pay it only after the end of every month.

No fixed EMI and Prepayment Charges

With an overdraft loan for business, you won’t have to face the hassles of paying fixed EMIs every month. Moreover, you can make prepayments on your OD business loan account any number of times without incurring any prepayment charges.

Virtual Loan Account

You can withdraw and deposit funds from an easy-to-operate virtual loan account. This will act like a current business account and will be based on an online model.

What are the Eligibility Criteria for a Business Overdraft Loan?

At Tata Capital, we ask only for some basic documentation and simple eligibility requirements for providing an OD loan for business. Below are our business overdraft eligibility criteria that you need to fulfill:

  • Your age should be at least 21 years at the time of loan application and a maximum of 65 years at the time of last EMI

  • Your business must be profitable for at least the last three financial years

  • Your business turnover must indicate an upward trend

  • Your balance sheet must be audited by a registered Chartered Accountant

  • Please note that we may ask for some other eligibility requirements as well. 

How to Apply for a Tata Capital Business Overdraft Loan?

How to Apply for a Tata Capital Business Overdraft Loan?

  • Branch

    You can visit your nearest Tata Capital branch and get in touch with one of our executives there. They will guide you through the entire application process

How to Apply for a Tata Capital Business Overdraft Loan?

You can apply for business overdraft loan with Tata Capital in any of the following ways:

  • Online

    You can apply for a business OD loan online from the convenience of your home/office

  • Virtual Assistant

    You can take the help of our virtual assistant TIA, to apply for the loan anytime and from anywhere

  • Over the Phone

    You can call our customer care number at 1860 267 6060 between 9 am and 8 pm on Monday to Saturday to apply for an OD loan for business through your mobile phone


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What our customers say about us

Your services for customer satisfaction are really great. Lots of thanks for your kind consideration. Thanks a lot.


Business Loan | 03 May, 2024

Great and Consistent customer care service available in Tata capital. Great job


Business Loan | 24 April, 2024

The process was so easy and team support and their knowledge on the product is too good.


Business Loan | 10 April, 2024

Tata Capital is a good loan company, and its services are exceptionally fast. Overall, Tata Capital is a great company.


Business Loan | 28 March, 2024

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Business Loan | 04 March, 2024

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Business Loan | 15 February, 2024

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Business Loan | 08 February, 2024

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Business Loan | 03 February, 2024

Thank you for your exceptionality quick resolution to my queries! Thank you so much.


Business Loan | 31 January, 2024