Samata Bank Provides Temporary Overdraft on merit basis within maximum exposure limits to cash credit account holders upto 10% of the existing cash credit limit and Overdraft against Current account with good track record.

  •  Type of Loan :  Overdraft
  •  Purpose :  Working Capital
  •  Maximum Loan Limit : Need based– within the bank’s exposure limit.
  •  Temporary Overdraft – Upto 10% of the existing cash credit limit.
  •  Overdraft against Current Account – 50,000/-  
  •  Repayment :  On demand (renewable every year).
  •  Margin :  As per Banks policy from time to time.
  •  Rate of Interest :  As per Bank B.O.D.

  •  Who can borrow :  Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies
  •  Loan Amount :  Need based – within the bank’s exposure limit
  •  Security :  Pledging of FDs/LIPs and mortgage of immovable property.

Duly filled in application form signed by the customer
  • KYC Documents - Business Proof
  • KYC Documents - (Applicant & Guarantor)
  • Relevant financial documents - ITR/P&L /Balance Sheet ( Applicant & Guarantor) 
  • Bank account statement of last 6 months
  • Photograph
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