Dropline Overdraft

Dropline Overdraft is an overdraft facility wherein overdraft amount can be utilized for working capital needs and overdraft can be repaid over a period of years and at the end of the tenure, the debt is repaid and converted into a capital of the enterprises. The primary security herein is the property and stock and debtors are considered as collateral security.

Further, there is no requirement for submission of monthly stock statement and calculation of monthly drawing power since the stock statement is to be submitted annually. Further, in future years the facility can be structured or revised as well.