| Overdraft | Loan |
| A short term debt | A long term debt. |
| Does not require collateral security. | Requires collateral security. |
| Granted only to current account holders | Granted to any category of bank customers. |
| Repayable with short period of time. | Repayable within longer period of time. |
| Small sum of money is usually involved. | Larger sums of money are usually involved |
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…