Smart Revolving Credit &
Flexible OD Limits
Empower your business liquidity with customized Overdraft (OD) Limits. Enjoy instant access to a revolving credit line, withdraw funds whenever required, and pay interest strictly only on the utilized amount.
Interest on Utilization
Zero Interest on Idle Funds
Up to ₹5 Crore
Customized Credit Limits
Revolving Power
Limit Restores on Deposit
Overdraft Limit Highlights
Everything you need to know about our Overdraft Limit credit facility at a glance.
Credit Limit
₹50,000 – ₹2 Crore
Tailored overdraft limits based on your turnover, property, or deposits.
Interest Rate
Starting From 9.50%* p.a.
Attractive interest rates charged exclusively on the amount withdrawn.
Facility Type
Revolving Credit Line
As soon as you repay, your full credit limit is restored automatically.
Tenure & Renewal
12 Months (Renewable)
Annual financial review with smooth and hassle-free yearly renewals.
Why Choose Our OD Limit Solutions
Experience unmatched flexibility and financial freedom without paying fixed monthly interest on idle funds in your account.
Interest Only on Utilization
Pay interest strictly on the drawn amount and for the exact number of days it remains utilized.
Revolving Credit Power
Deposit surplus funds back anytime without any prepayment or foreclosure charges to reset your limit.
Secured & Unsecured Options
Get OD limits against residential/commercial property, liquid deposits, or purely on business turnover.
Zero Cash Flow Stems
Maintain uninterrupted cash flow to honor vendor payments, payrolls, and immediate business commitments.
Top Banking Partners
We partner with India's leading private and nationalized banks to offer you optimal credit limits and lowest interest.
Fast Sanction Process
Enjoy simplified evaluation of banking statements and quick turnaround time for overdraft limit activation.
EMI Calculator
Estimate your monthly EMI and plan your finances with our easy-to-use calculator.
Equated Monthly Installment (EMI)
₹10,747
Total Interest
₹1,44,817
Total Payment
₹6,44,817
Overdraft (OD) Benefits
Discover why smart businesses and self-employed professionals prefer Overdraft Limits over traditional loans.
No Fixed Monthly EMIs
Unlike term loans, enjoy freedom from rigid monthly EMIs. Pay interest monthly and repay principal when your cash flow permits.
Maximized Cost Efficiency
Save significantly on interest expenses during lean business cycles when you don't require active borrowing.
Handle Seasonal Surges
Perfect for businesses to buy bulk inventory or expand operations during high-demand and festive market cycles.
Zero Prepayment Charges
Deposit your customer receipts and surplus funds back into your OD account at any moment without penalty.
Working Capital Booster
Acts as a reliable financial booster for daily business expenses, urgent supplier obligations, and unexpected emergencies.
Dedicated VIP Assistance
Our expert relationship managers guide you through optimal credit evaluation, fast documentation, and smooth yearly renewals.
Explore Other Loans
Check out our wide range of loan solutions tailored to meet your unique financial needs.
Eligibility Criteria
Simple requirements to ensure a seamless Overdraft Limit sanction process.
Eligible Entities
Sole Proprietorships, Partnerships, LLPs, Private & Public Limited companies.
Business Vintage
Minimum 2-3 years of continuous business operations with profitable track record.
Annual Turnover
Healthy turnover and satisfactory debt service coverage as per lender guidelines.
Banking Track Record
Clean transaction history across active current bank accounts for the last 12 months.
Credit Score
A personal and business credit (CIBIL) score of 700+ for the lowest interest rates.
Collateral (For Secured OD)
Residential, commercial, or industrial properties, or FDs/liquid securities.
Required Documents
Keep these basic documents handy to ensure lightning-fast processing and sanction.
KYC Documents
GST Registration & Returns
12 Months Bank Statements
2-3 Years ITR & Financials
Frequently Asked Questions
What is an Overdraft (OD) Limit and how does it work?
An Overdraft (OD) Limit is a credit facility that allows businesses and account holders to withdraw funds from their bank account up to an approved credit limit, even when the account balance is zero. It functions as a revolving line of credit where you can withdraw and deposit money freely as per your cash flow requirements.
How is interest calculated on an OD Limit facility?
One of the greatest benefits of an OD Limit is that interest is calculated solely on a daily basis on the outstanding debited amount at the end of each day—not on the total sanctioned limit. If you do not withdraw or utilize any funds, you pay zero interest!
What is the difference between a Term Loan and an Overdraft Limit?
In a standard term loan, a lump sum amount is disbursed into your account upfront, and interest starts accruing on the full principal immediately, payable via monthly EMIs. In an OD limit, you have a credit line available from which you withdraw only when needed, pay interest only on what you use, and repay without any prepayment penalties.
Can an Overdraft Limit facility be renewed annually?
Yes, Overdraft Limits are typically sanctioned for a 12-month period. Towards the end of the annual term, the lending bank performs a routine review of your account transactions and latest financials for a hassle-free yearly renewal.
What can be used as collateral for a Secured OD Limit?
For Secured Overdraft facilities, you can pledge residential real estate, commercial property, industrial property, fixed deposits (FDs), or liquid securities. Secured ODs typically offer higher limit amounts and significantly lower interest rates compared to unsecured facilities.