Overview
An Overdraft (OD) facility gives your business a pre-approved credit limit that you can withdraw from as and when required. You pay interest only on the amount utilised and for the days it is used — making it one of the most cost-efficient ways to manage short-term cash flow gaps.
Key Benefits
Why customers choose Trivefin for their overdraft (od).
Interest Only on Usage
Pay interest only on the amount you actually withdraw.
Revolving Limit
Repay and reuse the limit any number of times.
Secured & Unsecured Options
Against property, deposits, securities — or based on turnover.
Instant Liquidity
Funds available on demand for day-to-day requirements.
Eligibility
Ensure you meet the basic criteria before applying.
- Self-employed professionals, proprietors, partnerships and companies
- Business vintage of at least 2 years
- Stable banking turnover and healthy repayment track record
- Acceptable collateral or security for secured overdrafts
Required Documents
Keep these ready for a smooth application.
- KYC of applicant / directors / partners
- Business registration and GST certificate
- Bank statements of last 12 months
- ITR and audited financials of last 2 years
- Security / collateral documents (for secured OD)
Frequently Asked Questions
Quick answers about overdraft (od).
An overdraft is a revolving limit you can draw and repay repeatedly with interest charged only on usage, while a term loan is disbursed in full and repaid through fixed EMIs.