Unsecured OD & CC Limit

Unsecured OD & CC Limit

An unsecured overdraft (OD) and cash credit (CC) limit are lines of credit extended by financial institutions to individuals or businesses without requiring collateral. These facilities provide flexibility in managing short-term financing needs, allowing borrowers to access funds as needed, up to a predetermined credit limit.

Eligibility Criteria:

To qualify for an unsecured OD & CC limit with us, you need to meet the following eligibility criteria:

• Good Credit History: A good credit score demonstrates your creditworthiness and increases the likelihood of approval for an unsecured line of credit.
• Stable Income: Salaried or self-employed individuals with a stable income are preferred.
• Business/Personal Financials: Submission of financial documents, such as bank statements and income tax returns, may be required.

Benefits

• Flexibility: Access funds as needed, up to your approved credit limit, providing flexibility in managing short-term financial needs.
• Convenience: Enjoy hassle-free access to funds without the need for collateral, simplifying the borrowing process.
• Financial Management: Use the unsecured OD & CC limit to manage cash flow fluctuations, bridge temporary gaps in financing, or seize business opportunities.
• Competitive Terms: Benefit from competitive interest rates and favorable terms, allowing you to optimize your borrowing costs.