Cash Credit (CC) & Overdraft (OD) Facility
Manage your business cash flow efficiently with flexible CC and OD limits. Withdraw funds as needed and pay interest only on the utilized amount. Designed for businesses needing working capital flexibility without fixed EMI pressure.
What is Cash Credit & Overdraft?
Cash Credit (CC) and Overdraft (OD) are revolving credit facilities that allow businesses to withdraw funds up to a sanctioned limit. Interest is charged only on the amount utilized, making it a flexible and cost-effective financing solution for managing operational expenses and short-term liquidity needs.
Key Features
| Feature | Details |
|---|---|
| Loan Limit | ₹5 Lakh to ₹10 Crore |
| Interest Type | Charged Only on Utilized Amount |
| Tenure | 12 Months (Renewable Annually) |
| Collateral | Secured & Unsecured Options Available |
| Approval Time | 48 – 72 Hours |
| Usage | Working Capital & Short-Term Needs |
Benefits of CC & OD Facility
- Improves business cash flow management
- Flexible withdrawals anytime within limit
- Interest payable only on utilized amount
- Renewable credit facility
- Helps manage seasonal or sudden expenses
- No fixed EMI burden
Eligibility Criteria
- Age: 21 – 65 Years
- Minimum 2 Years Business Vintage
- Stable Turnover & Profitability
- CIBIL Score 650+
- Sole Proprietor, Partnership, LLP, Pvt Ltd Eligible
Documents Required
- PAN & Aadhaar Card
- Business Registration Proof
- Bank Statements (12 Months)
- ITR (2–3 Years)
- GST Returns
- Financial Statements
Difference Between Cash Credit & Overdraft
| Parameter | Cash Credit (CC) | Overdraft (OD) |
|---|---|---|
| Purpose | Working Capital | Short-Term Deficit |
| Security | Inventory / Receivables | FD / Property / Salary |
| Interest | On Utilized Limit | On Withdrawn Amount |
| Usage | Business Only | Business & Personal |
Why Choose Rupee Point?
- Multiple Bank & NBFC Tie-Ups
- Best Interest Rate Negotiation
- Higher Approval Chances
- Dedicated Loan Expert Support
- Transparent & Hassle-Free Process
- Quick Documentation & Processing
We don’t just process your application — we ensure you get the best possible limit with competitive rates.
Frequently Asked Questions
1. What is the main difference between CC and OD?
CC is mainly used for business working capital needs, whereas OD can be used for both business and short-term personal liquidity requirements.
2. Is collateral mandatory?
It depends on the limit and lender. Both secured and unsecured options are available.
3. How is interest calculated?
Interest is charged only on the amount utilized, not on the total sanctioned limit.
4. Can the credit limit be increased?
Yes, based on repayment history and business performance.
5. How fast is approval?
Most cases are approved within 48 to 72 hours.