Word of caution.the Bajaj finserve overdraft facility is sold to you with the claim that unless you use the money there will not be any EMI. But what the sales guy will not tell you is that, the charges for the loan and the insurance money is actually considered as the money that you have used and therefore will be recovered from you as EMI. So once the loan is sanctioned, you will be shocked to see an EMI starting, even though there you did not use the loan money sanctioned.