Need extra fund?

Unlock credit through banks suited to your profile with minimal effort and maximum flexibility.

What makes it work for you

In today's fast-moving financial world, access to funds matters. We research overdraft and flexible credit options from leading banks & NBFCs and Connect you to the right choice.

For salaried individuals

From medical bills to unexpected expenses, your profile can be considered by lenders offering flexible overdraft facilities. Withdraw only what you need and pay interest only on the amount used.

For self-employed individuals

Overdraft options allow business owners and freelancers to manage working capital, cover payroll, or seize urgent opportunities. Borrow only as and when you need it — based on lender approval.

Loan amount

₹5 lakhs - ₹50 lakhs

Note:*varies by lender, eligibility and your profile

tenure

Upto 8 years

Note:*varies by lender, eligibility and your profile

Interest rate

Starting from 13%*

Note:*varies by lender, eligibility and your profile

Key benefits

Offer amount

Secure an overdraft through lenders suited to your profile, providing substantial financial support.

Tenure

Can be availed for up to 8 years, depending on lender offerings.

Rate of interest

Competitive interest rates may range between 13%–14%, depending on lender evaluation.

Separate account

A distinct OD account is generally created, separate from savings or current account.

Interest payments

Interest is charged only on the withdrawn amount — no unnecessary charges.

Eligibility criteria

We keep our eligibility process simple—check the basic conditions below to see if you're ready to apply

Age

Applicants must typically be between 21 and 60 years old.

Bank account

Have an active bank account with history of regular transactions.

Income

Stable income is required, with minimum income depends.

Credit score

Lenders of whom may offer loans to individuals with lower credit scores.

Where can you use a overdraft loan?

Business needs

Manage cash flow, pay vendors, or handle short-term operational expenses.

Emergency expenses

Cover sudden medical bills, repairs or unexpected financial gaps.

Bill payments

Avoid penalties by ensuring timely payment of utility bills, rent or EMIs.

Personal use

Fund travel, education fees or any urgent personal requirements.

Seasonal spikes

Ideal for businesses with fluctuating income, use during high expense periods.

Unlock your overdraft now!

Looking for the right fit? Apply now for personalized loans with instant approval.

How overdraft facility works?

Accessing funds

Overdraft account allows to withdraw any amount within this limit without having to go through a new loan application.

Easy repayment

Repay the withdrawn amount at any time during the tenure. Deposit money back into your account, the interest stops accruing.

Interest calculation

Interest is charged on the amount withdrawn, not on the total overdraft limit, makes it cost-effective solution.

Daily interest calculation

Interest on the withdrawn amount is calculated on a daily basis means that if repay the withdrawn amount quickly.

Why choose MingleLoans?

Instant access to working capital

Withdraw funds anytime up to your approved limit.

Simple online management

Apply, track and manage your overdraft digitally.

Pay interest only on used amount

Interest applies only on what you actually use.

Ideal for seasonal or irregular cash flow

Perfect solution for businesses with fluctuating revenue.

Testimonials

April 18, 2025

Easy process, great support

Unlike traditional loans, the overdraft was approved fast and helped me manage my business expenses without stress

Pooja M., Mumbai

Gaurav Properties

April 12, 2025

Funds available when I needed them

The overdraft loan gave me instant access to extra funds during a cash crunch without needing to take a full loan.

Ramesh K., Mumbai

Adore Homes

April 15, 2025

Only paid interest on what I used

What I loved most was paying interest only on the amount I actually used. It’s perfect for managing short-term needs

Sneha Verma, Freelancer

Mulberry County

FAQs

What is an overdraft loan?

An overdraft loan allows you to withdraw more money from your bank account than what is currently available, up to a pre-approved limit. It provides a financial cushion for managing short-term cash flow needs.

How is an overdraft loan different from a personal loan?

Unlike a personal loan, where you receive a lump sum upfront, an overdraft loan allows you to access funds as needed. You only pay interest on the amount you use, making it a flexible and cost-effective option for short-term financing.

What is the interest rate for an overdraft loan?

Interest rates for overdraft loans vary depending on the lender and your credit profile. Typically, you’ll be charged interest only on the amount you withdraw, not on the entire overdraft limit.

Can I use an overdraft loan for any purpose??

Yes, overdraft loans are versatile and can be used for a variety of purposes, including managing personal expenses, covering business cash flow gaps, or funding unexpected costs.

How do I repay an overdraft loan?

Repayment typically occurs automatically as funds are deposited into your account. You can continue using the overdraft facility as long as you stay within the approved limit and make regular payments.

At MingleLoans, we help you find the right loan without the hassle of visiting multiple banks. Simply submit your details once — we research options from all major banks & NBFCs and submit your application to the right lender on your behalf. Efficient, seamless, and completely free.

Quick links

Contact

support@mingleloans.com

C-004B, Ground Floor, Puri high street mall, Sector -81. Faridabad - 121007

609, 610, 6th Floor, Puri business hub, Sector -81. Faridabad - 121007

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