Against Property / FD
OD limits available against property, fixed deposits, insurance, shares, or business assets.
Overdraft Limit
Add flexible liquidity to the operating cycle.
Revolving overdraft secured against property, FDs, financial assets or business receivables. Part of the Working Capital / CC / OD / Term Loan suite - structured by our CAs and banking experts.
- Loan Amount
- ₹25 Lakhs – ₹100 Crore
- Interest Rate
- 9% – 14% p.a.
- Tenure
- 1 Year (Annually Renewable)
- Processing Fee
- 0.25% – 1% annually
About Overdraft Limit
An Overdraft (OD) facility is a revolving credit line linked to your current account - withdraw within the sanctioned limit, repay anytime, and pay interest only on the daily utilisation. Unlike a Cash Credit (which is primarily secured against stock and debtors), an OD is structured against property, fixed deposits, insurance policies, shares, or business assets. BankBrick structures OD limits from ₹25 Lakhs to ₹100 Crore for businesses and high-net-worth individuals - placed across Government Banks, Leading MNC Banks and Private Banks for the best rate and highest LTV against your security.
Key Features
Flexible Utilization
Use any amount up to your OD limit. Repay partially or fully at any time without penalty.
Pay Only for Use
Interest is charged on daily outstanding balance, not on the full OD limit.
No Fixed EMI
Unlike term loans, there is no fixed monthly EMI. You can repay as and when funds are available.
Emergency Ready
Once set up, the OD limit is instantly accessible whenever you face a cash flow gap.
For Individuals Too
Salaried individuals can get OD limits against salary accounts, FDs, or LIC policies.
Why Choose BankBrick for Overdraft Limit?
- Instant access to funds once OD limit is set up
- No fixed EMI burden - repay at your own pace
- Interest charged daily on actual utilisation only
- Ideal safety net for businesses with seasonal or lumpy cash flows
- Best LTV and pricing across Government, MNC and Private Banks
- Complete property valuation, legal and documentation coordination
Eligibility Criteria
| Eligible Applicants | Business entities and high-net-worth individuals (salaried / self-employed) |
|---|---|
| Collateral | Property, FD, NSC, Insurance Policy, Shares/Mutual Funds, Business Assets |
| LTV | 50-70% of property value; up to 90% of FD value; 50-70% of securities |
| CIBIL Score | 650 or above (low CIBIL cases restructured separately) |
| Vintage | 1+ year operations for business OD; nil for OD against FD |
| Income Proof | Required where the OD is income-led rather than fully asset-backed |
Required Documents
- PAN Card + Aadhaar Card
- Property Documents (for OD against property)
- FD Certificate / NSC Certificate
- Last 6 Months Bank Statements
- Last 2 Years ITR
- Business Financial Statements (for business OD)
- Insurance Policy Document (for LIC-backed OD)
- Property Valuation Report (arranged by bank)
FAQ
Common Questions, Clear Answers
Have more questions? Our team is here to help. Reach us on WhatsApp or give us a call.
What is the difference between OD and CC?
Both are revolving credit facilities. Cash Credit is typically for businesses against stocks and receivables, while Overdraft is more flexible and can be against various assets including property, FDs, and more. OD can also be used by individuals.
Can I get an OD against my fixed deposit?
Yes. An OD against FD is one of the most popular and easiest products to get - typically up to 90% of the FD value at slightly higher than the FD interest rate.
Is there a minimum balance requirement in an OD account?
OD accounts typically don't require minimum balance. However, you need to stay within your sanctioned OD limit and pay interest on the utilized amount.
How quickly can I access an OD limit once approved?
Once the OD limit is sanctioned and linked to your current account, you can access funds immediately through cheques, RTGS/NEFT/IMPS, or cards (depending on the bank). OD against FD is typically the fastest - often set up the same day.
Can the OD limit be enhanced over time?
Yes. Based on your account conduct, repayment history, and updated property valuation or asset value, you can request an OD limit enhancement at annual review time.
Discuss Your Requirements
Discuss Your Requirements