OD / CC Limit – Secured
Leverage your property or fixed deposit to secure a high-value revolving credit line.
A Secured Overdraft (OD) or Cash Credit (CC) Limit is a revolving credit facility sanctioned against residential/commercial property, FD, or other bankable assets. Pay interest only on the amount drawn — not the entire limit — keeping working capital costs minimal.
Why choose RawaniGrow for your OD / CC Limit – Secured
Our institutional advisory model ensures maximum approval certainty with preferential interest rates.
Eligibility & Required Documentation
Check qualification thresholds and prepare required verification paperwork beforehand for same-day processing.
Who is Eligible
- Individuals, proprietors, partnership firms, private limited companies
- Minimum 2 years of business operations or salaried employment
- Clear, marketable, and unencumbered collateral asset
- Stable banking turnover evidencing repayment capacity
- CIBIL score of 700+ recommended for best sanction limits
Required Documents
- Collateral documents: Property title deed, EC, approved building plan (for property); or FD receipt, LIC bond
- KYC: PAN Card, Aadhaar of borrower(s) and guarantors
- Financial statements: Last 2 years audited P&L, Balance Sheet, and ITR
- Last 12 months primary bank account statements
- Business registration proof (GST Certificate, MSME/Udyam, MOA/AOA if applicable)
OD / CC Limit – Secured FAQs
Frequently asked questions specific to OD / CC Limit – Secured applications, interest rules, and approvals.
An Overdraft (OD) limit is linked to a savings or current account allowing you to withdraw beyond your balance. A Cash Credit (CC) limit is a standalone credit account specifically for business working capital needs. Both are revolving facilities; CC is typically used for trade and business, OD for general liquidity.
Interest is calculated daily on only the outstanding drawn balance (not the full sanctioned limit). So if you have a ₹50 Lakh CC limit but use only ₹15 Lakhs today, interest accrues on ₹15 Lakhs only — making it far more cost-efficient than a term loan.
Banks accept residential flats, independent houses, commercial offices, industrial plots, and shop premises with clear titles. FDs, surrender value of LIC policies, and NSCs are also accepted as security for lower limit facilities.
Typically, the facility is reviewed and renewed annually. Banks look at updated financial statements and account conduct during renewal. Well-maintained accounts are usually renewed within 3 to 5 working days.
Ready to secure your OD / CC Limit – Secured?
Our advisory desk checks live sanction guidelines across 70+ lenders and guides your application end-to-end at zero fee.