This product is the combination of both – Term Loan and Overdraft facilities.The Drawing Power of the borrower is reduced to Monthly / Quarterly basis. The borrowers pay interest on the actual utilization of funds and available funds can be utilized as and when required
There are NO Yearly Renewal Charges for this facility
Drop Line Overdraft Facility is highly recommended for any Manufacturer, Trader or Retailer where one needs a working capital for day to day business.