Best Overdraft Facility in Pune for Salaried | Tata, Bajaj

Overdraft Facility in Pune for Salaried Individuals image by Bravima Solution

Pune, a growing IT and business hub, is home to thousands of salaried professionals who often look for flexible financial options. One such solution is the overdraft (OD) facility—a smart alternative to personal loans offering flexible withdrawal, interest only on used amount, and quick access to cash.

If you’re a salaried employee in Pune, here’s a curated list of the best banks and NBFCs offering overdraft facilities, including top players like Tata Capital and Bajaj Finserv.

What is an Overdraft Facility?

An Overdraft (OD) facility is a credit line linked to your salary account or a current account that allows you to withdraw more money than your available balance, up to a sanctioned limit.

Key Features:

Pay interest only on the amount used
No need to apply for a fresh loan repeatedly
Great for handling emergencies, travel, medical, or credit card dues
Easy repayment through EMI or lump-sum

Overdraft Facility Rates 2026 | Bravima Solution

Compare Overdraft Facility Interest Rates — Private Banks & NBFCs

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Interest charged only on amount utilised

Available for Salaried & Self-employed

Secured & Unsecured variants

Revolving credit — reuse as you repay

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Rates verified and updated as of May 2026. Subject to change at lender’s discretion. | Read more on Bravima Blog →

Bank / NBFC ↕	Type ↕	Interest Rate (% p.a.) ↕	OD Limit ↕	Processing Fee ↕	Rate Level ↕	Apply

⚠ Disclaimer Interest rates and OD limits are indicative and sourced from publicly available information as of May 2026. Overdraft facilities may be secured (against FD, property, shares) or unsecured (salary/business-based). Actual rates vary based on credit score, relationship with bank, collateral type, income, and loan amount. Rates marked (*) are subject to special eligibility conditions. Verify current terms directly with the lender before applying. Additional GST will be charged on processing fees. Only Indian Private Banks and NBFCs are listed; Government/PSU banks are excluded. bravimasolution.com is an information portal and does not guarantee the accuracy of third-party data.

Top Overdraft Loan Providers in Pune for Salaried Employees

1. Bajaj Finserv Flexi Term Loan (Overdraft-style)

Type: Flexi Personal Loan (acts like overdraft)
Loan Limit: ₹1 Lakh – ₹25 Lakhs
Benefits:
- Withdraw anytime from the approved limit
- Pay interest only on used amount
- Easy online access via mobile app
Special for Pune: Quick approval for IT and manufacturing employees

👉 Best For: Salaried individuals with CIBIL above 680

Short on Cash? Quick Overdraft Loans to the Rescue!

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2. Tata Capital Flexi Personal Loan (OD Feature)

Type: Flexi Loan with overdraft functionality
Loan Amount: ₹75,000 to ₹35 Lakhs
Highlights:
- No penalty on part prepayment
- Withdraw in parts or full as needed
- Ideal for recurring expenses
Approval Time: Within 24–48 hours

👉 Best For: Salaried professionals from mid to large corporates in Pune

3. HDFC Bank Overdraft Against Salary Account

Loan Limit: ₹25,000 to ₹5 Lakhs
Eligibility: Existing HDFC salary account holders
Perks:
- Instant OD via NetBanking
- Minimal documentation
- Auto-repayment through salary inflow

👉 Best For: Existing HDFC customers

Avoid Bounced Checks—Apply for an Overdraft Loan Now!

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4. ICICI Bank Insta OD (Personal Overdraft)

Limit: ₹50,000 to ₹10 Lakhs
Application: Digital approval via iMobile app
Speciality:
- Linked to savings/salary account
- Interest charged only on utilized amount
- One-time processing fee only

👉 Best For: Salaried employees with regular income and CIBIL > 700

5. Kotak Mahindra Bank OD on Salary Account

Loan Limit: ₹50,000+
USP:
- Free OD account setup
- Auto-renewal option
- Good for salaried in private IT firms

👉 Best For: Tech employees and salaried professionals in Pune suburbs

Eligibility Criteria for OD Facility in Pune

Criteria	Minimum Requirement
Monthly Income	₹25,000+ (varies by lender)
Age	21 to 58 years
CIBIL Score	650+ (Tata/Bajaj accept 680+)
Employment Type	Salaried (Private/Govt/PSU/IT)
Location	Pune (Urban or Semi-urban areas)

Emergency Funds Needed? Grab an Overdraft Loan Fast!

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Documents Required

Aadhaar & PAN Card
Salary slips (last 3 months)
Bank statement (last 6 months)
Office ID or employment proof
Address proof (rent agreement, utility bill)

Why Choose OD Over a Personal Loan?

Feature	Overdraft Facility	Personal Loan
Interest Charged On	Used Amount	Full Amount
Flexibility	High	Medium
Withdrawal Type	Multiple	One-time disbursal
Prepayment Charges	Usually None	May Apply

If you want credit on standby, an OD facility is a much smarter choice than a lump-sum personal loan.

Final Thoughts: Best Overdraft Options for Pune Salaried Employees

If you’re in Pune and earn a steady salary, Bajaj Finserv and Tata Capital offer some of the most flexible and affordable overdraft-like loans with high approval rates and digital processes.

Looking for quick approval with minimal documentation?

👉 Contact Bravima Solution Pvt Ltd and get matched with top NBFC OD lenders today.
📞 Call now for a free consultation or apply online via our secure loan gateway.