Overview
Overdraft (OD) and Cash Credit (CC) limits are credit facilities extended to businesses to meet day-to-day cash flow requirements against inventories, book debts, or property security. You pay interest only on the amount utilized.
Features & Specifications
- Interest payable only on the utilized amount, not the entire limit.
- Revolving credit facility.
- Flexible withdrawal options.
- Available against property, FD, or business stocks.
Interest Rate
9.50% - 14.00% p.a.
Processing Fee
0.50% of sanction limit
Eligibility Criteria
- Registered business with active operations.
- Healthy bank transactions and credit history.
- Financial audits completed where applicable.
Documents Required
- Business financial statements (ITR, Balance Sheet, GST returns).
- Stock statement & Debtors statement.
- Property title deeds (for secured OD/CC).
- KYC of directors/partners.
Key Benefits of Applying via Loan Sahyog
- Optimized working capital flow.
- Saves interest costs compared to term loans.
- Instant liquidity for immediate purchases.