Apply for Unsecure
Overdraft
Gives you quick access to extra money, ensuring smoother financial control.
Why Clients
Prefer Us ?
Free
Annual Membership
Interest
cost savings
Cash withdrawal
without fees
Save on cheque
bounce penalties
Simplifying Your Cash Flow with Convenient OD Repayments
₹ 10,00,000
1 year
5 years
9.99% PA
24% PA
Unsecured OD Monthly Service Charges
₹ 21,242
Loan Repayment Amount
₹ 12,74,527
Total Interest You Pay
₹ 2,74,527
Principal Loan Value
₹ 10,00,000
Explore Your Unsecured Overdraft Limit
Find the Right Unsecured Overdraft for Your Cash Flow Needs
Personal Unsecured Overdraft
Read More →Salary-Based Unsecured Overdraft
Read More →Business Unsecured Overdraft
Read More →Current Account Unsecured Overdraft
Read More →Instant Digital Unsecured Overdraft
Read More →Income-Based Unsecured Overdraft
Read More →Credit Score–Based Unsecured Overdraft
Read More →Pre-Approved Unsecured Overdraft
Read More →
Major Benefits of an Unsecured Overdraft Loan
Experience the Advantages of an Unsecured Overdraft
- Get an overdraft limit without pledging property, assets, or security.
- Withdraw money anytime within your sanctioned limit — zero waiting time.
- Interest is charged only on the amount withdrawn, not the entire approved limit.
- Interest is charged only on the amount withdrawn, not the entire approved limit.
- No fixed EMIs. Repay when you want, as per your convenience and cash flow.
- Minimal documentation and faster processing since no security is involved.
See Whether You’re Eligible for an Unsecured Overdraft Loan
- Age: 21 to 65 years
- Minimum Annual Income:₹3.6 lac
- Eligibility Check: Based on income, credit score, and lender’s internal policy
- Stable Income History: Minimum 2–3 years of consistent income from job or business.
- Stable Income Proof: At least 2 years of regular earnings needed.
- Minimum Yearly Earnings: ₹3.6 lac
- Professionals and non-professionals with stable income can apply.
- Owners of registered proprietorships, partnerships, and private limited companies are eligible to apply for a Unsecure Overdraft Loan.
- Partnership firms engaged in manufacturing, trading, or service-related activities are also eligible to apply for a Unsecure Overdraft Loan.
Applicant Profiles for Secure OD Loan
Frequently Asked Questions
Everything you need to know about Unsecure Overdraft Loan Loans
What is an Unsecured Overdraft Loan?
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An Unsecured Overdraft Loan is a flexible credit line that allows you to withdraw money as needed without providing any collateral. You pay interest only on the amount you use.
How does an unsecured overdraft work?
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The lender assigns you a credit limit. You can withdraw funds anytime up to that limit and repay whenever you want. Interest is charged only on the utilized amount, not the entire limit.
Do I need to provide any security or collateral?
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No. This is a completely collateral-free credit facility, meaning you don’t need to pledge property, gold, or securities.
Who is eligible for an unsecured overdraft loan?
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Eligibility is usually based on your income, age, employment type, credit score, and banking history. Self-employed individuals and salaried professionals can apply.
What is the minimum income required?
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Most lenders require a minimum annual income of ₹2.5 lakhs to ₹3 lakhs, depending on their policy.