Facility finance
Overdraft (OD) Facility
A revolving limit on your current account that you can draw down and repay freely. Interest is charged only on the daily outstanding, which makes an OD ideal for uneven cash flows and short funding gaps.
- Interest rate
- 8.50% – 16% p.a.
- Loan amount
- ₹5 Lakh – ₹10 Crore
- Tenure
- 12 months, renewable annually
- Processing fee
- 0.5% – 1.5% annually
Features
What the overdraft facility gives you
- Interest on daily utilisation, not on the sanctioned limit
- Dropline OD where the limit reduces monthly like a term loan
- OD against property, fixed deposit, securities or book debts
- Unlimited drawdowns and repayments within the limit
- Annual review with enhancement on improved financials
Eligibility
Who qualifies
- Business with 2+ years of banking history, or an individual with pledgeable security
- Current account relationship with the lending bank
- Acceptable collateral — property, FD, LIC policy or securities
- Filed ITRs and consistent account conduct
- Clean CIBIL / commercial bureau record
Documents
Checklist to keep ready
KYC
- • PAN
- • Aadhaar
- • Entity documents
Financials
- • 2-3 years ITR and financials
- • 12 months bank statements
- • GST returns
Security
- • Property papers or FD receipt
- • Valuation and legal report
- • Society NOC
Calculator
Estimate your EMI and eligibility
Indicative figures only. Your final rate depends on the lender's assessment of your credit profile, income and, for secured loans, the property.
Monthly EMI
₹1,07,470
- Principal
- ₹50,00,000
- Total interest
- ₹14,48,170
- Total payable
- ₹64,48,170
Your personalised explanation will appear here. Indicative only — final approval depends on the lender.
Want the full picture?
Read our written eligibility guide — how FOIR at 80% of income works, credit score bands, and eligibility checklists for all 13 loan products.
Read the Eligibility GuideFAQs
Overdraft Facility questions
Related loan services
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