Overdraft Facilities

Flexible Financing for Your Business & Personal Needs

Manage Cash Flow Efficiently | Withdraw Funds Anytime | Secure Your Financial Stability
Whether you are an individual, trader, or business owner, having instant access to additional funds can be crucial for managing cash flow and unexpected expenses. South Indian Bank’s Overdraft Facility provides a flexible credit line, allowing you to withdraw funds as needed, up to a pre-approved limit. With the ability to deposit funds anytime to reduce the outstanding balance, this facility ensures that you only pay interest on the utilised amount, making it a cost-effective financing solution.

Key Features and Benefits

Instant Access to Funds

Flexible Credit Limit

Pay Interest Only on Utilised Amount

Overdraft Facilities

Why Choose South Indian Bank?

With a rich legacy of banking excellence, South Indian Bank is dedicated to providing reliable and flexible financial solutions that cater to diverse financial needs. Our Overdraft Facility is designed to offer stability, growth, and financial flexibility, making it an ideal solution for individuals, businesses, and industrial entities. With customised credit limits, borrowers can access funds tailored to their specific requirements, while cost-effective borrowing ensures that interest is charged only on the utilised amount.

Our Overdraft Facilities Offerings

SIB Small Business Loan

Fast and hassle-free financing for small businesses. Ideal for start-ups and growing businesses.

Know More

SIB GST Power Business Loan

Tailored business loan based on the GST filings with higher credit limits, competitive interest rates and flexible repayment options.

Know More

SIB Uday

Empowering SMEs with customised financial solutions for business expansion, working capital requirement and asset acquisition.

Know More

About Overdraft Facility

An Overdraft Facility is a short-term credit solution that allows account holders to overdraw their account balance up to a sanctioned limit. Unlike traditional loans, an overdraft provides continuous access to funds, giving you the flexibility to withdraw, repay, and reuse the approved limit as per your requirements.
South Indian Bank offers secured, partially secured, and unsecured overdraft options, depending on the borrower's eligibility and the type of security pledged.

Secured Overdraft – Backed by collateral such as fixed deposits, property, or stocks. Partially Secured
Overdraft – A mix of collateral-based and unsecured credit.
Unsecured Overdraft – Offered based on creditworthiness and banking history.

Click here to view features of Business Account with Overdraft facilities