Overdraft Services – Flexible Credit Solutions by KURAKULA'S

Get Instant Access to Extra Funds When You Need Them.

KURAKULA'S, we offer Overdraft (OD) services that provide you with an easy and flexible way to access extra funds whenever required. Whether for personal or business needs, our Overdraft Facility helps you manage cash flow efficiently without disrupting your finances.

Do You How Overdraft Protection Works

Overdraft protection is a safety net that prevents you from having your card declined or checks returned. There are different types:

  • Linked Savings or Checking Account: The bank automatically transfers funds from a backup account to cover your overdraft. For example, if you have a linked savings account, the bank will take money from that account to cover any shortfall.
  • Line of Credit: Some banks offer a line of credit as overdraft protection. If you overdraw, the bank will use your line of credit, but you’ll need to repay the borrowed amount with interest.
  • Overdraft Protection Service: This service allows the bank to approve transactions up to your overdraft limit. Some banks may charge a fee for this service, even if you don’t use it.

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Why Choose KURAKULA'S Overdraft Services?

  • Instant Liquidity: Get quick access to extra funds when you need them.
  • Flexible Repayments: Pay interest only on the amount used.
  • Hassle-Free Process: Quick approval and minimal documentation.
  • Secured & Unsecured Options: Choose based on your financial profile.
  • Higher Credit Limit: Customized overdraft limits as per your requirements.

Types of Overdraft Facilities We Offer

  • Personal Overdraft: Extra funds to manage personal expenses, medical emergencies, or education.
  • Business Overdraft: Maintain cash flow and manage business expenses with ease.
  • Secured Overdraft: Get a higher limit against collateral like fixed deposits or assets.
  • Unsecured Overdraft:Access funds without collateral, based on your creditworthiness.

Overdraft Limits

  • Pre-arranged Limits: If you have a specific overdraft agreement with your bank, it will set a limit, such as $500 or $1,000, that you can overdraw from your account. Your bank may assess your account activity, credit history, and other factors to determine this limit.
  • No Pre-arranged Limits: In the case of unauthorized overdrafts (where you haven't arranged for overdraft coverage), the bank can either deny the transaction or approve it, but you’ll usually face significant fees for overdrawing your account.

Who Can Avail Overdraft Services?

  • Business Owners: Manage working capital and unexpected expenses.
  • Salaried Individuals: Meet personal financial needs without disruption.
  • Entrepreneurs & Startups: Ensure smooth business operations without cash flow issues.

How to Apply?

  • Check your eligibility and overdraft limit.
  • Submit basic documents for verification.
  • Get quick approval and access funds instantly.

Apply for an Overdraft Today!

Stay financially secure with KURAKULA'S Overdraft Services. Get access to funds anytime, anywhere!