As you want to know about the State Bank Of India Overdraft loan facility

So here is the Benefits & Features

a) Available in SGD or USD

b) Same & Alternate currency financing available

c) Maximum tenor: until maturity of the term deposit pledged as security

d) Attractive interest rates – applied daily only on amounts utilized

e) ATM Cards provided (only for SGD accounts)

Here is the Eligibility

a) Singaporeans, PRs and foreigners of age ≥ 21 years

b) Overdraft facilities granted to 1st party only

c) Acceptable security: SGD/USD term deposits with minimum tenor of 3 months

Required Documents

Documents to be submitted along with the application form (originals to be shaped for face to face verification)

a) Application form

b) Demand Promissory note

c) Deed of Security over deposit(s)

d) Letter of approval accepted by borrower(s)