Chennai · Tamil Nadu
Overdraft (OD) facility in Chennai — pay interest only on usage
A revolving overdraft limit against property, deposits or business cashflow. Draw when you need it, repay when collections come in, and pay interest only on the amount actually used.
10% p.a.
Rate from
₹50 Cr
Max limit
Renewable
12-month cycle
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Local advisors based in Chennai, Tamil Nadu, India. No CIBIL impact.
Why borrowers in Chennai choose us
48+ lenders. One local advisor.
A Chennai-registered advisory, not a call centre
Moneymax Fingrow is registered in Chennai, Tamil Nadu. Your advisor speaks Tamil and English, and meets you in Chennai — no outsourced tele-callers.
48+ banks and NBFCs compared in one sitting
We place your file with the lenders whose credit policy actually matches your profile, so you avoid repeated rejections and CIBIL damage.
Rate and structure negotiated for you
Overdraft, cash credit, term loan or LAP — we negotiate pricing, tenure and collateral cover, then reduce EMI or interest later through balance transfer.
Zero advance fee to the borrower
We are an empanelled DSA. Our fee comes from the lender on disbursement. Nothing is collected from you upfront.
Areas we serve in Chennai
Our advisors meet you at your home or office — T. Nagar, Anna Nagar, Adyar, Velachery, OMR / Sholinganallur, Guindy, Ambattur, Porur, Tambaram, Mylapore, Perungudi, Thiruvanmiyur and every neighbourhood in between.
Plan your EMI
Monthly EMI
₹54,356
*Indicative EMI. Actual interest rate depends on lender, credit profile & eligibility.
Chennai loan questions, answered
What is the difference between overdraft and cash credit?
An overdraft is usually secured by property, deposits or overall cashflow and can be used freely. Cash credit is tied to current assets — stock and receivables — with drawing power reviewed monthly.
Is an OD cheaper than a term loan?
For irregular requirements, yes — you pay interest only on the utilised amount and only for the days used. For a fixed, long-term purchase, a term loan is normally cheaper overall.
Can I get an OD against my Chennai property?
Yes. An OD against property is one of the most common structures we arrange, typically up to 60–70% of market value with the limit reviewed annually.