Overdraft Loan

Our co-operative society offers Overdraft Loans to provide members with flexible access to funds beyond their account balance, helping manage short-term financial needs with ease. This facility allows members to withdraw money up to an approved limit, giving them financial freedom during emergencies or unexpected expenses. Overdraft Loans are ideal for smoothing out cash flow gaps, especially during off-season periods or lean months. Interest is charged only on the amount utilized, making it a cost-effective borrowing option. The approval process is straightforward, and members can access funds quickly without the need for repeated loan applications. Repayment is flexible, allowing members to deposit money at their convenience and reduce the outstanding balance. Our co-operative regularly communicates through SMS alerts to keep members informed about their overdraft usage and repayment schedule. This loan helps members maintain financial stability while continuing their daily operations or personal commitments. With competitive interest rates and transparent terms, the Overdraft Loan is designed to support your liquidity needs without hassle. Trust our cooperative society to provide reliable and flexible financial solutions tailored to your unique requirements.