OD / Overdraft Facility
Flexible Credit for Your Business
An Overdraft (OD) facility gives your business access to credit beyond your bank balance — exactly when you need it. SM Finance arranges both secured (against property / FD) and unsecured overdraft facilities from leading banks, giving your business the financial flexibility it needs.
Pay interest only on the amount used, not on the entire limit. This makes OD facilities extremely cost-effective for businesses with fluctuating cash flow requirements.
Key Features & Benefits
- OD limits from ₹2 Lakhs to ₹5 Crores
- Pay interest only on the utilized amount
- Secured OD against property / FD / shares
- Unsecured OD for eligible businesses
- Revolving credit — repay and reuse
- Annual renewal with minimal paperwork
- Fast processing within 5-7 working days
- Competitive interest rates starting from 10% p.a.
Eligibility Criteria
- Business operational for 2+ years
- Annual turnover ₹30 Lakhs and above
- Good banking relationship and CIBIL score
- Audited financials for 2 years
- Valid trade license, GST registration