Get Festive Ready with The Dukandar Overdraft Facility

Get Festive Ready with The Dukandar Overdraft Facility

25 October, 2024

Synopsis

  • Opting for an Overdraft facility can be a smart choice for small businesses to boost sales during the festive season.

  • HDFC Bank’s Dukandar Overdraft facility offers shop owners and small businesses access to funds of up to ₹10 lakh.

  • You can apply for the Dukandar Overdraft facility with minimal documentation.

The peak festive season increases consumer demand. The festive season is the prime opportunity to boost sales. However, this also requires additional working capital, whether you want to stock up the inventory, hire extra staff or manage increased operational costs. Here, the Overdraft facility provides quick access to funds without requiring you to apply for a Loan. Using this facility, you can take advantage of the festive season to grow your business and meet the heightened demand of customers.


What is Dukandar Overdraft Facility? 


The Dukandar Overdraft facility by HDFC Bank is a special credit solution for small businesses like shopkeepers and more. It allows shopkeepers, kirana stores, retailers and other small businesses to access an overdraft of up to ₹10 lakh. An Overdraft facility allows you to withdraw more funds from your bank account than the available balance. Similarly, this Overdraft facility allows you to manage your business’s working capital needs efficiently. You can use your bank’s Overdraft facility to support the growth and expansion of your business. With seamless accessibility to funds, the Dukandar Overdraft facility helps you to handle cash flows and smooth operations during the festive season.


Special Festive Deals of Dukandar Overdraft Facility by HDFC Bank


With HDFC Bank’s Dukandar Overdraft Facility, you can explore a range of benefits. Let us explore the key features:

  • High Overdraft Limit: Get a credit facility of up to ₹10 lakh to meet high festive demands.

  • No Collateral: You can avail of the Overdraft facility loan without pledging any assets.

  • Interest Charges Only on the Usage: You only need to pay interest on the amount you borrow.

  • Zero Commitment Charges: You pay only for what you use. This means there are no charges if you do not use the overdraft loan pre-approved amount.

  • No Stock Statement Requirements: You can avail of this facility without providing stock statements.

  • Flexible Auto-Renewals: You can opt out of the overdraft loan facility anytime and continue using it per your business needs.

  • Minimal Documentation: You can get access to this facility in a completely digitised manner with minimal or no paperwork.

  • Spot Sanction: Apply for the Dukandar Overdraft facility and get on-the-spot approval, free of cost. You only need to pay 50 paise per day interest per ₹1,000 availed using this facility.

Key Tips on Choosing the Best Deals for Overdraft Facility Based on Your Business Needs

To select the right overdraft facility, you need to carefully evaluate your business’s needs and financial situation. Consider the following factors to make a suitable choice:

  • Look at Your Cash Flow:  Assess your business’s cash flow patterns during the festive season. Choose an overdraft limit that can comfortably cover any shortfalls. Also, choose the amount that you can easily repay without worrying.

  • Compare Interest Rates: Check out interest rates that align with your repayment schedule. Consider choosing HDFC Bank’s Dukandar Overdraft Facility, which charges interest only on the amount you borrowed.

  • Prioritise Fast Processing:  During the festive season, your time is crucial. Choose a bank Overdraft facility that offers quick approvals and digital processing to access funds faster.

Boost Your Festive Sales with Dukandar Overdraft Facility

The festive season is the perfect time to take advantage of HDFC Bank’s Dukandar Facility. You can easily ensure your business is fully prepared for the festive rush and high demand. By meeting simple eligibility requirements, you can easily opt for this facility. All you need is for your business to fall into the small businesses category, a valid Udyam registration certificate and a 6-month bank statement. Whether you are an HDFC Bank account holder or have an account elsewhere, the Dukandar overdraft facility is available for all.

Apply today.

*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.

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