OD Limits - Salaried
Overdraft (OD) Limits for Salaried Individuals
Your Salary, Your Instant Backup Plan.
At Vserve Fincare, we understand that financial flexibility is crucial for salaried professionals to manage unexpected expenses or seize new opportunities. Our Overdraft (OD) facility for salaried individuals is designed to offer you easy access to funds with minimal documentation and hassle-free repayment options.
What is an OD Facility for Salaried Individuals?
An OD against salary is a credit facility linked directly to your salary account, allowing you to withdraw money beyond your current account balance up to a pre-approved limit. This flexible borrowing option helps you manage short-term cash flow gaps without the need for collateral or security.
Key Features of Salaried OD Facility
- OD Limit: We offer an overdraft limit of up to 3 times your monthly salary, ensuring substantial financial support when you need it most.
- Minimal Documentation: Avail this facility with minimal paperwork as we primarily verify your salary credit.
- Interest on Utilized Amount Only: You pay interest only on the amount you draw, not on the total sanctioned limit.
- Easy Repayment: Repay the borrowed amount anytime without pre-closure charges, giving you financial convenience and control.
- No Collateral Required: This unsecured OD facility requires no fixed deposits or assets as security.
- Quick Approval: With a smooth application process, get your OD sanctioned quickly to meet your urgent financial needs.
- Salary Crediting Company: Your employer must be on Vserve Fincare’s approved list to ensure smooth processing.
Why Choose Vserve Fincare Personal Loan?
- No Collateral Required: Get funds without pledging assets. Your income and creditworthiness are all that matter.
- Instant Loan Disbursal: With pre-approved offers and paperless processing, funds can hit your account in minutes.
- 30+ Lenders, One Platform: Compare offers from top banks and NBFCs in one place.
- Pocket-Friendly EMIs: Flexible tenure with fixed EMIs ensures your finances stay on track.
- Complete Digital Journey: Apply, verify, and track, all online. No branch visits, no waiting.
- Lowest Interest Rates: Starting at just 10.49% p.a., save more with our competitive rates.
Eligibility Criteria
- Salaried individuals with a steady monthly income credited to an account with Vserve Fincare or partner banks.
- Minimum salary thresholds apply depending on the employer and bank norms.
- Applicants should be between 21 and 60 years of age.
- Verified salary and employment status are mandatory.
Benefits of Choosing Vserve Fincare OD for Salaried
- Flexibility to manage expenses without impacting your savings.
- Instant funds to tackle emergencies or make timely payments.
- Transparent interest rates with no hidden charges.
- No collateral, making it hassle-free and quick.
- Seamless online application and processing.
Need Extra Cash Before Payday?
For salaried individuals looking for a reliable, flexible, and
easy-to-access overdraft limit,
Vserve Fincare’s OD facility provides the perfect
solution to meet your
financial needs with confidence.
