Creative Finserve Private Limited

Having an overdraft feature on your bank account gives numerous benefits. Drop Line Overdraft account protection is a customized feature which lets you spend beyond what is in your account. If you are qualified, your financial institution can give you overdraft protection although it usually comes with a fee. It is not uncommon to be charged a fee as well as a percentage rate on the amount of money that you use in your overdraft. Drop Line Overdraft protection can be extremely useful in the event that you do not have enough money in your account for a pre-authorized bill. If you are protected by overdraft you will not get charged a non sufficient funds fee which accompanies a payment in the event that it is declined by your financial institution. It can also be a great back up for unexpected expenses. If you need to dig into your overdraft account in an emergency situation overdraft provides peace of mind that it is there for you to do so.

Drop Line Overdraft is a facility granted to you whereby you can overdraw your current account up to an agreed limit. Drop Line Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility. You can at any time deposit money into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month. Drop Line utilized determines the interest that will be payable by the customer. Drop Line Overdraft is a flexible product offering that allows you facility against residential or commercial property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Private Limited Company.

Drop Line Overdraft Facility do not have a yearly renewal charge but it has onetime processing fees. Drop Line Overdraft are only offered to self employed persons or companies. Drop Line Overdraft Facility is best for Manufactures, traders & retailers where booking capital requirement is needed for day to day transactions Drop Line Overdraft Facility don't require a charge to be made on your stocks book debts, it also not requires any quarterly or half yearly audits of the stock.

Lease Rental Discounting (LRD) is a term loan offered against rental receipts derived from lease contracts with corporate tenants. In Lease Rental Discounting loan is provided to the lesser based on the discounted value of the rentals and the underlying property value.

Being a property owner, you earn fixed rentals from your property investments at periodic intervals. But with Lease Rental Discounting Services, you have an opportunity to get these rentals in a lump sum amount at attractive discount rates. You can then utilize these funds to generate further assets, which can yield higher returns. Furthermore, these funds can also be deployed for the expansion of your business activities.

It is another method to obtain finance from bank or other financial institute or lending institutes. Lease Rent Discounting (LRD) consideration is between the borrower who owns the premises, the tenant who has rented the said premises or taken on lease and the bank or financial institute or Corporate. The rent is considered as fixed income over a stipulated time i.e. Lease or rent period or tenure. The agreement is between the borrower and lender and the major term of repayment is the rent which is directly deposited with the lender and not with the borrower. In Lease Rent Discount (LRD) the borrower is sanctioned a loan based upon the rent to be collected over the period of lease.