A Collateral-Free Business Overdraft (OD) is a flexible working capital facility offered to businesses without any collateral or security. It helps manage day-to-day expenses, cash flow gaps, and business growth needs.
It is a revolving credit line where a business can withdraw funds up to a sanctioned limit, repay, and reuse the limit multiple times. Interest is charged only on the amount utilized.
No need to pledge property or assets
Quick access to funds for business needs
Interest only on utilized amount
Withdraw and repay anytime
Based on business profile and banking history
Based on turnover, cash flow, and credit profile
Slightly higher than secured OD
12 months (renewable annually)
Flexible (monthly interest payment)
It gives your business freedom, flexibility, and speed — without risking your assets — making it ideal for growing businesses.
