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OD/CC Loan Facility

OD CC Loan

BUSINESS FINANCING

Overdraft & Cash Credit Facility

Get flexible working capital solutions with our Overdraft (OD) and Cash Credit (CC) facilities. Designed specifically for businesses to manage their day-to-day operational expenses and maintain smooth cash flow throughout the year.

Our OD/CC facilities provide you with instant access to funds whenever you need them, helping you seize business opportunities without delay. Pay interest only on the amount you utilize, making it a cost-effective solution for your business needs.

Credit Limit: ₹5,00,000 - ₹5,00,00,000
Interest Rate: Starting from 11.50% p.a.
Tenure: Renewable annually

Key Features & Benefits

Flexible Credit Limit

Access credit limits from ₹5 lakhs to ₹5 crores based on your business requirements and financial health.

Instant Access to Funds

Withdraw funds as per your business needs without any prior notice or approval delays.

Pay Only for Used Amount

Interest charged only on the utilized amount, not on the entire sanctioned limit. Save on interest costs.

Revolving Credit

Repay and reuse your credit limit multiple times within the validity period without reapplying.

Annual Renewal

Credit limit reviewed and renewed annually based on your business performance and repayment track record.

Working Capital Support

Perfect for managing inventory, operational expenses, and seasonal business requirements.

Eligibility Criteria

  • Business Vintage: Minimum 3 years
  • Business Type: Proprietorship, Partnership, Pvt Ltd, LLP
  • Annual Turnover: Minimum ₹50 lakhs
  • Profitability: Consistent profit for last 2 years
  • Credit Score: 700 or above preferred
  • GST Registration: Mandatory
  • Bank Statements: Last 12 months required

Usage of Funds

  • Purchase of raw materials and inventory
  • Payment of operational expenses
  • Salary and wage payments
  • Vendor and supplier payments
  • Managing seasonal cash flow requirements
  • Business expansion opportunities
  • Meeting urgent working capital needs

Required Documents

Comprehensive documentation for quick processing

Business Registration

Registration Certificate, Partnership Deed, MOA/AOA

Financial Statements

Last 3 years audited Balance Sheet & P&L Statement

GST Returns

Last 12 months GST returns (GSTR-1 & GSTR-3B)

Bank Statements

Last 12 months current account bank statements

Identity Proof

PAN Card, Aadhaar Card of all Directors/Partners

Address Proof

Business address proof, Utility bills, Rent agreement

ITR Documents

Last 3 years Income Tax Returns of business & partners

Collateral Documents

Property papers if offering collateral security

Simple Application Process

Get your OD/CC facility in 5 easy steps

1

Submit Application

Fill application form with business details

2

Document Verification

Upload required documents

3

Credit Assessment

Financial evaluation by our team

4

Sanction & Agreement

Loan sanction and agreement signing

5

Credit Limit Active

Start using your credit facility

Frequently Asked Questions

Overdraft (OD) is secured against assets like property or FDs, while Cash Credit (CC) is secured against current assets like inventory and receivables. Both provide revolving credit facilities but differ in collateral requirements.

Interest is calculated daily on the utilized amount and charged monthly. You pay interest only on the funds you actually withdraw and use, not on the entire sanctioned limit.

The credit limit can range from ₹5 lakhs to ₹5 crores, depending on your business turnover, profitability, and collateral value. The limit is determined based on comprehensive financial assessment.

OD/CC facilities are typically reviewed and renewed annually. The renewal is based on your business performance, repayment track record, and updated financial statements.

Yes, you can request for credit limit enhancement based on increased business turnover and improved financials. The bank will review and may approve the increase subject to assessment.

Ready to Apply for OD/CC Facility?

Get flexible working capital for your business. Apply now!

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