About OD/CC Limit
What is OD/CC Limit?
An OD/CC Limit (Overdraft/Cash Credit Limit) is a type of loan that helps people and businesses use money when they need it. You can borrow money up to a fixed limit and pay interest only on the amount you use. It helps manage daily expenses, business costs, and cash flow without taking a full loan.
WHY CHOOSE OD/CC LIMIT?
Financial Flexibility
Use funds repeatedly without fresh loan applications required.
Interest Savings
Pay interest only on utilized loan amount.
Quick Availability
Funds remain available whenever urgent business needs arise.
Business Growth
Supports expansion without affecting regular cash operations.
Better Control
Manage business finances with greater spending flexibility daily.
Easy Repayment
Repay borrowed amount anytime within sanctioned limit period.
Top Financial Partners
Want Easy Access to Business Funds Whenever Needed?
Apply for a flexible OD/CC Limit with Grow Stellar and access business funds whenever your operations need support.
ELIGIBILITY & DOCUMENTS
OD/CC LIMIT Eligibility
- Minimum Business Vintage
- Regular Cash Flow
- Registered Business Entity & Active Business Operations.
- KYC Compliance
- Valid identity and address proof.
- Profitable Business Performance
- Active Bank Account
- Consistent Income Records
- Acceptable Financial History
- Regular Cash Flow
- Good Credit Score
- Satisfactory Repayment Record
Documents Required
KYC Document
PAN Card, Aadhaar Card, Voter ID, Passport, Driving Licence, and recent passport-size photographs for identity verification.
Bank Statements
Last 6–12 months' bank statements to assess cash flow, business transactions, and financial stability.
Business Proof
GST Registration, Shop & Establishment Certificate, UDYAM Certificate, Trade Licence, or Partnership/Company registration proof.
Address Proof
Electricity bill, water bill, telephone bill, rental agreement, or property tax receipt showing business address.
Financial Statement
Balance Sheet, Profit & Loss Statement, Income Tax Returns, and audited financials to evaluate business performance.
Collateral Documents (If Appl.)
Property ownership papers, valuation report, or other security documents required for secured OD/CC limit applications.
All documents must be valid and updated. Additional documents may be required by the lender if required.
Frequently Asked Questions
What is the difference between OD and CC limit?
Overdraft links mainly to accounts, while cash credit generally finances business working capital against security.
How is interest charged on an OD/CC limit?
Interest applies only on utilized funds, reducing borrowing costs compared to fixed-term business loans significantly.
Can startups apply for an OD/CC limit?
Eligible startups with stable financials, business operations, and lender-approved criteria may successfully obtain funding support.
How can I apply for an OD/CC limit online?
Choose a lender, submit required details, complete verification, and receive approval after eligibility assessment successfully.
Can salaried individuals apply for an OD limit?
Yes, eligible salaried individuals may receive overdraft facilities depending on income, employer, and lender policies.
Is an OD/CC limit better than a business loan?
OD/CC offers flexible withdrawals, while business loans provide fixed amounts with scheduled repayment terms and EMIs.
Keep Your Business Moving with an OD/CC Credit Facility
Keep business operations running smoothly with flexible funds, easy withdrawals, and interest charged only on utilized amounts.