OD / CC Loan Facility
Overdraft (OD) and Cash Credit (CC) are flexible credit facilities designed to help individuals and businesses manage short-term working capital needs. These facilities allow you to withdraw funds beyond your account balance, ensuring uninterrupted cash flow during critical times.
Overdraft (OD): This facility is typically linked to your current or savings account and lets you withdraw more money than you have, up to a pre-approved limit. Interest is charged only on the amount utilized and for the number of days it is used, making it an ideal solution for managing day-to-day expenses or emergencies.
Cash Credit (CC): Primarily offered to businesses, this facility is sanctioned against inventory, receivables, or other assets. It provides access to working capital for business operations, and like OD, interest is charged only on the amount used, not the entire limit.
Eligibility: OD/CC facilities are generally offered to self-employed individuals, professionals, and businesses with a steady income or operational history. Financial documents, business proof, and collateral (in some cases) may be required.
Benefits: These facilities offer immediate access to funds, improve cash flow management, and can be renewed annually. They’re ideal for businesses to cover short-term needs like payroll, inventory purchases, and bill payments.
Whether you're looking to stabilize your personal finances or support your business operations, our OD/CC loan solutions offer the flexibility and control you need to thrive.
