Advocate for Overdraft Facility Disputes – Trusted Legal Help by Legals365

Overdraft Facility Legal Issues? Here’s How Legals365 Can Help You Get Back in Control

When you first took the overdraft facility from your bank, it probably felt like a relief. A bit of breathing room. Just enough to deal with a business slowdown, unexpected bills, or a short-term cash crunch.

But over time, that small cushion can turn into something else.
Interest keeps building.
The account stays negative.
Suddenly, you’re getting calls, messages, and even a legal notice.

If that sounds familiar, you’re not alone. And more importantly, you’re not without options.

What Is the Real Issue With Overdrafts?

An overdraft facility lets you withdraw more money than you have in your account, usually within a set limit. It’s useful, but it’s also legally binding. That means if you don’t pay it back — with interest — the bank can take legal action, just like with any other unpaid loan.

In many cases, people don’t even realize they’re in trouble until it’s too late. One day, a notice arrives. Or a recovery agent calls, using language that makes you feel more like a criminal than a customer.

When Should You Call a Lawyer?

Here’s a quick check. If you’re in any of these situations, it’s time to speak to a legal professional:

The bank has sent you a legal notice or is threatening court action.
Recovery agents are calling you, showing up at your home or workplace.
You want to settle the amount, but don’t know the right way to go about it.
The bank has started the SARFAESI Act process — which means they might be preparing to seize property or assets.
You’ve tried talking to the bank, but they’re just not listening.

How Legals365 Can Help

At Legals365, we’ve helped clients from all walks of life — salaried professionals, shop owners, consultants, and small business operators — handle overdraft issues the legal way.

Here’s what we do:

Review your documents — to see if your rights have been violated or unfair terms applied.
Speak to the bank on your behalf — so you don’t have to deal with pressure or intimidation.
Negotiate a legal settlement — so you pay a fair amount, not one inflated with hidden charges.
Protect you from harassment — by sending legal replies and, if needed, complaints to the right authorities.
Guide you through the court process — if things have already escalated.

Why Legal Guidance Changes Everything

Most people wait too long. By the time they look for legal help, things are already out of hand. We always say this: the sooner you act, the more options you have.

One-time settlements (OTS), for example, are often possible — but banks are more likely to agree when they see you’re legally prepared. If you’ve already received a notice or if they’ve filed a recovery suit, you need someone who knows how to handle that properly — with paperwork, not panic.

A Client’s Real Story

Let’s talk about Mr. Saini (name changed), a businessman from Gurugram. He had an overdraft facility of ₹5.5 lakh. Business dropped during COVID, and he couldn’t repay it in time. The bank added interest, and soon he was being chased for ₹7 lakh. They even sent a notice threatening to take his property.

He came to us stressed and scared.

We reviewed his documents, sent a legal reply to the bank, and opened talks for settlement. Eventually, the bank agreed to accept ₹4 lakh as a full and final payment — broken into instalments. No property loss. No harassment. Case closed.

Why People Trust Legals365

We don’t judge. We listen.
Our advocates know the law and the tactics banks use.
We offer full transparency — in both advice and fees.
Whether the problem is small or complex, we handle it professionally and confidentially.

Thinking of Ignoring the Problem? Please Don’t.

A small issue today can become a big legal headache tomorrow. Interest adds up fast. Recovery notices become legal action. Your CIBIL score drops. Your peace of mind disappears.

You have legal rights. You just need the right people to stand with you.

Reach Out to Us

Don’t wait for things to get worse. Take control now — with Legals365 by your side.

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