OD Limit
Over Draft is a limit facility mainly given by all leading banks? In which a bank open a OD/CC account against security offered by customer and give this facility for operating the day by day business. The maximum overdraft limit is sanctioned by the bank depends upon the actual working capital gap and security pledged by the customer. Interest is charged on the basis of daily usages of the money from OD/CC account. The concerned bank can monitor the usages and limit of the facility.

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The word overdraft means the act of overdrawing from a Bank account. In other words, the account holder withdraws more money from a Bank Account than has been deposited in it. OD or Overdraft Limit is the excess withdrawal over the Current Account Amount. Every Current A/C Holder enjoys this facility, wherin they can borrow in excess of their funds in the account this limit is enhanced or reduced based on the Customer's Credit worthiness.

Loan/Overdraft against Property is a flexible product offering that allows you a combination of a Term Loan and Overdraft facility against residential or commercial property. It also allows you to fulfill your short term and long term business requirements, be it working capital requirement or business expansion by unlocking the potential of your property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Private Limited Company with an annual turnover in the range of INR 90 lakh to INR 45 crore.


  • Application form
  • Passport copy / PAN Card / Ration card
  • Office address proof
  • Passport sized photographs of all applicants / co-applicants
  • Certified copies of MOA / AOA /Partnership deed
  • Repayment track record
  • 3 years audited financials
  • 3 yrs ITR of directors/partners
  • 6 months bank statement of main operating account
  • Professional qualification certificate in case of Doctors / CA / Lawyers / Architects


Q. Who is our Target Segment?

  • Sole Proprietors / Proprietorship firms
  • Partnership Firms
  • Pvt. Ltd. Companies (including closely held limited companies)
  • Professionals – Doctors, Architects, Chartered Accountants, Business Consultants

Q. What is the minimum and maximum annual turnover eligibility?
Minimum turnover – INR 90 lakhs. Maximum turnover – INR 45 crores.
Q. What is the maximum loan amount offered on a LAP OD product?
You can avail of a combination of Term Loan and Overdraft against your property up to a maximum of INR 5 crores subject to eligibility conditions being met.
Q. What is the maximum tenure of the loan?
The maximum tenure for which you can avail the facility is upto 15 years. Overdraft tenure will be 12 months subject to annual renewal.
Q. How much amount of the total sanctioned limit can I expect as Overdraft?
Overdraft facility can be up to a maximum of 50% of the total sanctioned limit. However; the exact amount of overdraft limit will be based on assessment of working capital requirement. Specific details would be provided by the sales officer.
Q. What do I need to give as security?
We accept both residential and commercial property as security. No plot, self construction or under construction properties will be allowed.
Q. What is the interest rate on the facility?
We offer attractive interest rates on the facility depending on loan amount, credit assessment and other parameters. Further details will be provided by our sales officer.
Q. What are the basic documents required for applying for the facility?

  • Bank statements for last 6 months
  • 2 year financials including Profit & Loss (P&L) Statement , Balance sheet and Income Tax returns
  • Documents related to establishment of entity , identity and address proof documents Specific details would be provided by the sales officer.

Q. What are the pre-closure charges on LAP/OD?
Pre-closure charges – 2% of the outstanding amount (service charges extra) Part prepayment charges – 2% of the amount part prepaid (service charges extra) Specific details on the OD charges would be provided by the sales person.
Q. What is the turnaround time for the disbursal of the loan?
Disbursal of the loan may take a minimum of 7 working days from the time of submission of loan related documents as requested by the Bank.





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