Tata Capital, a leading NBFC in India, offers a flexible overdraft loan facility that helps individuals and businesses manage their short-term financial requirements effectively. An overdraft (OD) loan allows borrowers to withdraw funds beyond their account balance up to a pre-approved limit. Unlike traditional loans, interest is charged only on the amount utilized, making it a cost-effective solution for managing cash flow.
In this article, we will explore the features, benefits, eligibility criteria, and application process for the Tata Capital Overdraft Loan. Additionally, we will guide you on how to apply for this facility through Bravima Solution Pvt Ltd, a trusted financial partner working with NBFCs like Tata Capital to offer seamless loan solutions.
What is a Tata Capital Overdraft Loan?
A Tata Capital Overdraft Loan is a flexible credit option that allows borrowers to withdraw funds as and when required. The approved limit is determined based on the applicant’s credit profile and repayment capacity. The interest is charged only on the amount utilized, and the borrower can repay the borrowed sum at any time within the loan tenure.
Key Features of Tata Capital Overdraft Loan
– Flexible Withdrawal
Borrow funds up to the approved limit as per your financial needs without any fixed schedule.
– Interest on Utilized Amount
Interest is charged only on the amount utilized and not on the entire sanctioned limit, ensuring cost-effectiveness.
– Easy Repayment
Repay the borrowed amount at your convenience without fixed EMIs, providing financial flexibility.
– High Loan Limit
Avail high overdraft limits based on your income, creditworthiness, and financial profile.
– No Collateral Required
Tata Capital offers unsecured overdraft loans, eliminating the need to pledge collateral or assets.
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Benefits of Tata Capital Overdraft Loan
– Cost-Effective Solution
Since interest is charged only on the utilized amount, borrowers save on unnecessary interest payments compared to traditional loans.
– Instant Access to Funds
Once approved, the overdraft facility allows immediate withdrawal of funds, making it ideal for emergency requirements.
– Flexible Usage
The overdraft facility can be used for a variety of purposes, including business expansion, personal expenses, or working capital needs.
– No Fixed EMI Burden
Unlike term loans, an overdraft does not require fixed EMIs, offering repayment flexibility.
– Credit Score Improvement
Timely repayment of overdraft dues positively impacts your credit score, enhancing future credit opportunities.
Eligibility Criteria for Tata Capital Overdraft Loan
To avail of a Tata Capital overdraft loan, applicants must meet the following eligibility criteria:
- Age: Minimum 21 years, Maximum 65 years at loan maturity
- Employment Type: Salaried professionals, self-employed individuals, and business owners
- Income Requirement: Stable income source with a minimum monthly income of ₹25,000
- Credit Score: Minimum credit score of 700 for unsecured overdraft facilities
- KYC Documents: Valid identity, address, and income proof
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Documents Required for Tata Capital Overdraft Loan
To apply for a Tata Capital Overdraft Loan, the following documents are required:
- Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID
- Address Proof: Utility Bill, Passport, Aadhaar Card, or Rent Agreement
- Income Proof: Latest salary slips for salaried or ITR for self-employed
- Bank Statements: Last 6 months’ bank statements
Tata Capital Overdraft Loan Interest Rates and Charges
| Charge | Details |
|---|---|
| Interest Rate | 12% – 15% p.a. |
| Processing Fee | Up to 2% of the sanctioned limit |
| Penal Interest | 2% per month on overdue amount |
| Tenure | Up to 12 months, renewable annually |
| Foreclosure Charges | Nil for floating rate loans |
| Documentation Charges | As applicable |
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How to Apply for a Tata Capital Overdraft Loan Through Bravima Solution
Applying for a Tata Capital Overdraft Loan through Bravima Solution Pvt Ltd ensures a smooth and hassle-free process. We work closely with Tata Capital and other leading NBFCs to provide you with the best loan options.
Step 1: Check Your Eligibility
- Visit Bravima Solution and fill out the eligibility form.
- Provide basic details such as income, employment type, and credit score.
Step 2: Select the Overdraft Loan Option
- Compare Tata Capital’s overdraft options with other providers.
- Choose the plan that best suits your financial requirements.
Step 3: Upload Required Documents
- Submit identity proof, address proof, and income documents.
- Our team will verify and process the application promptly.
Step 4: Get Approval and Withdraw Funds
- Once approved, the overdraft limit is activated within 24-48 hours.
- Withdraw funds as needed and repay at your convenience.
Why Choose Bravima Solution for Tata Capital Overdraft Loan?
- Partnership with top NBFCs like Tata Capital & Bajaj Finserv
- Quick loan approvals with minimal documentation
- Personalized loan comparison for your profile
- Assistance in case of CIBIL challenges
- Support available in Delhi, Mumbai, Hyderabad, and other cities
💬 Customer Review:
“Bravima helped me secure Tata Capital overdraft loan in just 2 days. The team guided me throughout the process and made it super easy.” – Rohit, Delhi
When Should You Choose an Overdraft Loan Over a Personal Loan?
Overdraft loans are better suited if:
- You need money irregularly (not in one lump sum).
- You want to pay interest only on usage.
- You prefer a flexible repayment schedule.
- You may need emergency funds multiple times in a year.
👉 For large one-time expenses (like weddings or home renovation), a personal loan might be better. But for ongoing or unpredictable needs, overdraft is smarter.
Frequently Asked Questions (FAQs)
Q1. What is the maximum overdraft loan amount I can get from Tata Capital?
Ans: You can get up to ₹25 Lakhs, depending on your profile.
Q2. Can I get Tata Capital overdraft loan without collateral?
Ans: Yes, it’s an unsecured loan – no collateral required.
Q3. Is overdraft facility available for self-employed?
Ans: Yes . Business owners, freelancers, and professionals can apply.
Q4. How fast can I get approval through Bravima Solution?
Ans: Most applications get approval in 24–48 hours.
Q5. Can existing Tata Capital customers get pre-approved overdraft offers?
Ans: Yes, pre-approved offers are available for select customers.
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Good morning team,
Required OD ONLY FROM TATA CAPITAL NOT THIRD PARTY COMPANY, CAN YOU PROVIDE DETAILS OF OVER DRAFT BROUCHURE FOR FUTURE 🛟🦺 SAFETY.
Good morning Rupesh ji,
Thank you for your query 🙏. We do provide Tata Capital Overdraft Facility for salaried individuals where you pay only on the amount you use, not the full limit. No monthly EMIs or hidden charges — it works as a future safety reserve. Please check your mail box for details.
– Team Bravima Solution