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Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Financial Statement as on 31.Dec.2018

Audited Financial Statement as on 31.Dec.2018

Exchange Rates


Cash flow Fluctuations means that you may sometimes need to fund temporary shortfalls in your operating cash account for things like stock, Bills, wages and other expenses.
That’s why BOIUL offers an overdraft facility to ensure that you have a financial safety Net when you MOSTLY need it.
A Business Overdraft evolves into a credit facility that allows you to draw funds, up to an agreed limit, from your account.
You only pay interest on the money you use, making an overdraft one of the cheapest ways to borrow from BOIUL.

Main features and benefits

  • To meet short term Business requirements.
  • 95% to 100% of Deposit amount inclusive of accrued interest.
  • Minimum 2% above the interest rate on the Deposit pledged as security.
  • No fixed repayment program as account fluctuates from debit to credit.
  • Save unnecessary interest costs as interest is calculated on the outstanding daily balance and is charged monthly.
  • Repayment Period; Maximum 36 months but not later than the maturity date of the deposit pledged.

Basic Requirements

  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Lien on borrower’s or 3rd party’s term deposit held with BOIUL.
  • A letter of lien and set-off to be obtained from third party if facility is secured by a third party deposit.
  • No Loan/Overdraft facilities will be allowed to third parties against the deposits held in the name of Minors. Against the deposits of a minor, the facility can be availed by the natural guardian for the benefit of minor ONLY.
  • Audited accounts for at least three financial years, prepared by a Certified Public Accountant, with an unqualified opinion.
  • Projected Cash flows for the period of financing.
  • Valuation report for the property/ assets to be pledged as collateral.
  • Business Plan/ Updated Company/ Business profile.
  • Financial Card Number for the borrowing entity.
  • Any other information as may be requested by the Bank, depending on the nature of the request.