OD/CC Facility

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Finsolution Financial Advisory Services Overview

Flexible Working Capital Solutions

Overdraft & Cash Credit facilities for smooth business operations

What is OD/CC Facility?

Overdraft (OD) and Cash Credit (CC) are flexible credit facilities that provide businesses with instant access to funds for working capital requirements. Unlike term loans, you only pay interest on the amount you actually use, making it a cost-effective solution for managing day-to-day expenses, inventory purchases, and business operations. These facilities offer a pre-approved credit limit that you can draw from and repay as needed.

Credit Limit: ₹1,00,000 - ₹10,00,00,000
Interest Rate: From 9% p.a. onwards
Interest On: Utilized amount only
Access: Instant withdrawal

Perfect For

Inventory Purchase
Working Capital
Vendor Payments
Salary Payments
Seasonal Needs
Cash Flow Gap
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Finsolution Financial Advisory Services Why Choose Us

Smart Working Capital Partner

Flexible credit solutions for smooth business operations

01

Pay Only for Usage

Interest charged only on the amount you utilize, not the entire limit.

02

Instant Access

Withdraw funds anytime you need without prior approval.

03

Revolving Credit

Repay and re-draw funds multiple times within the limit.

04

No Fixed EMI

Flexible repayment based on your business cash flow.

05

High Credit Limit

Get credit facility up to ₹50 lakhs based on your business.

06

Improves Cash Flow

Manage cash flow gaps and maintain smooth operations.

Finsolution Financial Advisory Services Quick Application

Apply for OD/CC Facility

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Finsolution Financial Advisory Services Eligibility

OD/CC Eligibility Criteria

Basic Eligibility

Business Type

All business entities - Trading, Manufacturing, Services

Business Vintage

Minimum 2 years in operation

Age of Applicant

Between 25 to 65 years

Credit Score

720+ for better rates and higher limits

Financial Requirements

Annual Turnover

Minimum ₹15 lakhs per annum

Profitability

Consistent profitability for last 2 years

Current Account

Active current account with good banking

GST Compliance

Regular GST filing (if applicable)

Finsolution Financial Advisory Services Documentation

Documents Required

Keep these documents ready for quick approval

Identity & Address

Aadhaar, PAN, Passport

Business Documents

Registration / Partnership Deed

Financial Statements

Balance Sheet, P&L, ITR for 2 years

Bank Statements

Last 12 months current account statements

GST Returns

Last 12 months GST returns

Stock Statement

Current inventory/stock details

Finsolution Financial Advisory Services Features & Benefits

OD/CC Advantages

01

Interest on Usage Only

Pay interest only on withdrawn amount, not full limit

02

Instant Liquidity

Immediate access to funds whenever needed

03

Revolving Facility

Withdraw, repay and reuse within sanctioned limit

04

No Foreclosure Charges

Repay anytime without penalties

05

Manages Cash Flow

Bridge working capital gaps smoothly

06

Competitive Rates

Lower interest rates compared to term loans

Need Flexible Working Capital?

Apply for OD/CC facility and manage your cash flow efficiently

Apply Now

Finsolution Financial Advisory Services OD/CC FAQs

Got Questions?
We Have Answers

Find answers to commonly asked questions about overdraft and cash credit facilities.

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What is the difference between Overdraft and Cash Credit?

Overdraft is linked to your savings/current account allowing you to withdraw beyond your balance up to a limit. Cash Credit is a separate account with a sanctioned limit where you can deposit and withdraw funds. Both charge interest only on utilized amounts.

How is interest calculated on OD/CC?

Interest is calculated daily on the outstanding balance (amount actually utilized). You're charged only for the amount and number of days you use the facility, making it very cost-effective for managing working capital.

What is the maximum credit limit available?

OD/CC credit limits range from ₹1 lakh to ₹50 lakhs based on your business turnover, profitability, banking track record, and collateral provided. Higher limits may be available for well-established businesses.

Is collateral mandatory for OD/CC facilities?

For smaller limits (up to ₹5-10 lakhs), collateral may not be required for businesses with good credit history. Higher limits typically require collateral like property, inventory, or book debts as security.

Can I withdraw and repay multiple times?

Yes! OD/CC is a revolving credit facility. You can withdraw, repay, and re-draw funds multiple times within your sanctioned limit. This flexibility makes it ideal for managing business cash flow fluctuations.