Money Finance
Bangalore 560022 moneyfinanceservice@gmail.com

Office Address

  • No 1503 40/41 MKK Road 11th C Cross 1st Floor Bangalore - 560022
  • moneyfinanceservice@gmail.com
  • +917022573176

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Our Features

Over Draft(OD)

Flexible Over Draft(OD) Eligibility

Over Draft(OD) value from Rs.10 Lakh to Rs. 5 Crore

Over Draft(OD) against commercial, residential or industrial property

Over Draft(OD) for your business

Explore Over Draft(OD) offers with Money Finance Service

At Money Finance Services, we understand the value of your property beyond its mere physical presence. Our Over Draft(OD) offers you a financial solution where you can leverage the equity in your property to meet various personal and business needs. Whether you seek funds for expanding your business, financing education, managing wedding expenses, or any other financial requirement, our OD provides you with substantial borrowing capacity at competitive interest rates. With flexible repayment options and a streamlined application process, Money Finance Services ensures that you can unlock the potential of your property while fulfilling your financial aspirations.

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Features Of Over Draft(OD)

Flexible Financing Options

Access immediate funds with customizable loan amounts and fixed interest rates.

Convenient Repayment Plans

Enjoy convenient monthly installments and potential tax benefits.

Vehicle Ownership Simplified

Choose from options for new or used cars with ownership from day one.

Credit Building Opportunities

Improve credit score through timely payments without the need for full upfront payment.

Eligibility Requirements for Over Draft(OD)

  • Nationality : You must be an Indian citizen and provide valid documentation to verify your citizenship.
  • Occupation and Income : Your lender will assess your occupation and income details to gauge your financial stability and ability to repay the loan.
  • Credit History : Your credit score, reflecting your repayment history and credit management, plays a crucial role in determining your OD eligibility.
  • Banking Relationship : A positive relationship with your lender enhances your OD approval chances and may lead to better loan terms, including loan amount, interest rates, tenure, and fees.
  • Market Value of Property : The loan amount and terms are influenced by the current market value of your property used as collateral. The property's value must exceed the loan amount sought.
  • Title of Property : You must be the rightful owner of the property, with clear ownership title. If applying jointly, all owners must provide clear title documents. The property should not be pledged as collateral with any other financial institution.

Documents required to apply for Over Draft(OD)

Proof of Identity and Residence
Documents that establish your identity and residential address.
Proof of Income
Documentation verifying your income sources and financial stability.
Property-Related Documents
Legal papers pertaining to the property being offered as collateral.
Proof of Business (for Self-Employed)
Evidence validating your business activities and operations.
Account Statement for the Last 6 Months
Bank statements covering the past six months to demonstrate your financial transactions and stability.

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