Dropline Over Draft

Flexible funds, whenever you need them.
MCPL’s Dropline Overdraft (OD) facility gives you a credit limit for a fixed tenure, where the limit gradually reduces (“droplines”) every month. You pay interest only on the amount you use, not on the full limit.

Key Features:

Credit Limit: ₹1 Lakh to ₹1 Crore
Tenure: 12 to 60 months
Dropline Structure: Limit reduces monthly as per agreed schedule
Interest Rate: Competitive & charged only on utilized amount
Renewal: Facility can be reviewed/extended based on performance

Who Can Apply?

Businesses, Traders, and Professionals
Salaried individuals (with owned property as collateral)
Self-employed individuals with regular income

Benefits:

Better cash flow management
Pre-approved limit available anytime
No need to reapply for every drawdown
Interest-saving structure

Documents Required:

KYC Documents (PAN, Aadhaar, Address Proof)
Business Registration & Income Proof
Last 12 months' Bank Statements
Collateral Property Documents
GST Returns / ITRs

Example:

If you get a ₹10 lakh OD for 24 months, your available limit reduces monthly. If you use only ₹3 lakh, you pay interest only on ₹3 lakh — not ₹10 lakh.

Need Working Capital Flexibility?

Apply today for MCPL's Dropline OD Facility!