CC & OD (Secured)
Flexible secured credit limits to manage your business cash flow with ease.
CC & OD limits provide businesses with ongoing credit based on collateral such as property, stock, or receivables. These facilities help manage working capital, inventory, vendor payments, and day-to-day business operations.
- Interest charged only on the utilized amount
- Higher limits with security
- Improves business cash flow
- Flexible withdrawal & repayment
- Ideal for traders, manufacturers, SMEs
Applicant Type
Proprietorship firms
Partnership firms
Private / Public Limited Companies
LLPs, MSMEs, Traders, Manufacturers, Service providers
Residency
Applicant / business must be based in India
Age of Applicant
Minimum: 21 years
Maximum: 65 years (at facility maturity)
Business Vintage
Minimum 2–3 years of business operations
Proven track record and continuity
Turnover Requirement
Minimum annual turnover as per bank norms
Consistent sales and cash flow required
Credit History
Satisfactory CIBIL / credit score
No major loan defaults or NPAs
Income & Cash Flow
Adequate and regular cash flow to service interest
Assessed through bank statements and financials
Limit Assessment (as per RBI norms)
Based on drawing power
Calculated from stock & book debts
Working capital gap assessment
Collateral / Security
Hypothecation of stock and receivables
Collateral security may be required for higher limits
Personal / corporate guarantee
Banking Conduct
Satisfactory account operations
Regular transactions in current account
Statutory Compliance
GST registration and filings (if applicable)
Income tax returns filed regularly
Purpose
Working capital needs only (purchase of raw material, inventory, day-to-day expenses)
Duly filled CC / OD Loan Application Form
KYC Documents (Mandatory)
PAN Card of applicant / business (mandatory)
Aadhaar Card / Passport / Voter ID / Driving Licence
Recent passport-size photographs of applicant / partners / directors
Business Registration Documents
Certificate of Incorporation (Company)
Partnership Deed (Partnership firm)
LLP Agreement (LLP)
Shop & Establishment Certificate / Trade Licence
GST Registration Certificate
Udyam (MSME) Registration (if applicable)
Address Proof (Business & Residential)
Utility bills (electricity / water – recent)
Rent agreement / ownership documents
Financial Statements
Income Tax Returns (ITR) for last 2–3 years
Profit & Loss Account and Balance Sheet (last 2–3 years)
Audit report (if applicable)
Bank Statements
Last 6–12 months current account / savings account statements
Stock & Receivables Statements
Stock statement (raw material, work-in-progress, finished goods)
Sundry debtors / creditors list
Drawing power calculation
Existing Loan Details
Sanction letters and repayment statements of existing loans
Collateral / Security Documents (if applicable)
Property title deed
Valuation report
Encumbrance certificate
Insurance of stock / collateral
Guarantee Documents
Personal / corporate guarantee forms
Other Declarations (as per RBI norms)
Credit bureau consent
CMA data / project report (for higher limits)
Comparison of CC & OD Rates and Fees
| Bank | Loan Amount | Interest Rates* |
|---|---|---|
|
IDBI Bank |
Contact the bank for details |
Varies based on the value of the
collateral. |
|
HDFC Bank |
Contact the bank for details |
Valuedraw – Rs.25 lakh Elitedraw –
Depends on collateral |
|
ICICI Bank |
8.76% p.a. to 15.6% p.a. |
Rs.5 crore |
|
Bajaj Finserv |
From 18% p.a. onwards |
Rs.30 lakh |
|
Mahindra Finance |
Contact the company for details |
Rs.25 crore |
|
Oriental Bank of Commerce |
9.25% p.a. onwards |
Varies based on the value of the
collateral. |
- Tie-ups with leading financial institutions
- Hassle-free documentation
- Transparent processing
- Customized loan solutions
Apply for CC/OD Limit
