Your Trusted Partner for Financial Solutions
Customers of Accurate Capital Plus can enjoy the convenience of an overdraft option on their current or savings accounts. Up to a pre-approved amount, you can use this overdraft limit to take out or spend more money than is currently in your account.
A pre-approved borrowing limit associated with your Accurate Capital Plus savings or current account is known as an overdraft limit. The overdraft facility takes effect and permits the transaction to proceed when your account balance drops below zero as a result of a transaction that exceeds the available funds. In essence, this increases your spending power and provides short-term respite from a lack of money.
Accurate Capital Plus’s overdraft limit can be helpful in the following circumstances:
Unexpected Expenses: covers unanticipated expenses or situations that occur when your account isn’t immediately funded.
Cash Flow Management: fills the void left by paychecks or income inflows and outflows, making sure that daily spending and bill payments go smoothly.
Improved Credit Score: Adopting a responsible overdraft policy might boost your credit score by proving that you can manage credit well.
Linked Savings Account: Connect a savings account to your checking account. To avoid an overdraft, money from your savings account may be automatically withdrawn to pay transactions when your checking account balance becomes too low.
Line of Credit: As an alternative to an overdraft limit, think about a line of credit, which provides a bigger credit limit. On the other hand, lines of credit usually have higher interest rates.
Overdraft Limit | Loans |
It’s a facility for credit. | We’re borrowing this money. |
Interest is only assessed on the amount that is used. | Interest is assessed on the total amount approved. |
fixed interest rate determined using the Daily Reducing Balance technique | can have an interest rate that is both fixed and variable. |
No set interest rate. Permits multiple repayments | Monthly fixed installment debited from the account |
Ideal for short-term financial needs | Available for extended periods of time |
Few documents are needed because the limit is determined by the account balance and financial situation. | lots of documentation needed to handle the loan |
We provide movable overdraft limits to meet your unique borrowing requirements. Regardless of your status as a professional, student, or business owner, your limit is determined by your unique situation and cash flow needs.
Our overdraft interest rates are reasonable and competitive, with your best interests in mind. Only the amount of the overdraft that is actually spent is subject to interest; the unused portion of your limit is not.
It’s easy and convenient to manage your accounts while on the go using our mobile app, online banking, or ATM access for your overdraft facility.
Every year, after review, your overdraft is automatically renewed. By doing this, you can maintain the financial flexibility you require without having to submit a new application.
When you overdraw your account, the money are immediately available because the credit has been pre-approved. Paying for unforeseen expenses or emergencies can be made much easier with this rapid access.
Maintaining your credit score can be achieved by avoiding denied transactions, late payment fines, and bounced checks.
It acts as a cushion against monetary volatility and facilitates easy cash flow management, particularly in situations when incoming funds are erratic.
Using your overdraft is as simple as completing a regular transaction because to its basic terms and convenient access across different channels.
To apply for an overdraft, you’ll need to:
1. Have an Accurate Capital Plus account.
2. Fill out our straightforward application, which can be begun in-person, over the phone, or online.
3. Show any required documentation, including current bank statements and proof of income.
Following the study of your application and evaluation of your financial status, a timely decision will be made by our team. Your overdraft facility will be instantly usable upon approval.
Accurate Capital Plus has a successful history spanning more than 20 years. During this long journey, we have never wavered in our dedication to helping people and companies achieve their goals, both personally and financially.
8178029729
Paschim Vihar, New Delhi
©2023. AccurateCapitalPlus. All Rights Reserved.
