VinayakAssociates https:// VINAYAKAS.com Direct Sales Agency of Banks Mon, 05 Jul 2021 08:17:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.2 Dropline Overdraft (DOD) Product https:// VINAYAKAS.com/index.php/2021/06/14/dropline-overdraft-dod/ https:// VINAYAKAS.com/index.php/2021/06/14/dropline-overdraft-dod/#respond Mon, 14 Jun 2021 03:02:34 +0000 http://localhost/borrow/?p=29 This product is designed as a combination all kind of CC / OD and term loan

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]]> Dropline Overdraft is a very unique product that allows a borrower to overdraw cash from his/her current account up to an agreed/sanctioned limit, wherein the withdrawal limit reduces each month from the sanctioned limit. The interest rate will be calculated on the withdrawn cash and not on the total sanctioned DOD ( Dropline Overdraft) limit. Everytime you deposite the money the outstanding balance will be reduced. The Interest rate is calculated on a daily basis and is charged at the end of each month.

Who can apply for Dropline Overdraft (DOD)?

* Special design product for all kind of customers – DOD ( dropline OD product )*

* This product is designed as a combination all kind of CC / OD and term loan.

This product has all the feature of CC and OD facility but with less charges.

For example –

* No annual renewal required hence no charges on renewal like other CC and OD facility
* No stock statements and audit report submission to bank.
* It’s one time OD facility for 10 to 15 years and work like a term loan.

Get the Best Dropline Overdraft (DOD) offers are just a click away!

For more information please feel free to contact us.

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