Vallibel Auto Draft is simply a substitute for a bank overdraft.
Traditionally, bank overdrafts are offered against collateral such as property and fixed deposits as security.
The uniqueness of Vallibel Auto Draft is that now a customer can simply afford an overdraft against a motor vehicle as security. A customer only needs to pay monthly interest in the same way as of a bank overdraft. Capital repayment is collected at the end of the period agreed upon with the borrower at the time of the disbursement of the facility.
Vallibel Finance OD can go up to Rupees 50 million in value and it can be obtained through any Vallibel Finance branch within just a few hours.
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