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An OD (overdraft) against collateral is a credit facility that lets you withdraw more money than you actually have in your current or savings account up to a certain limit. The best thing is that the interest is charged only on the amount you use, not on the entire limit.
A CC (cash credit) against collateral is a short-term loan that is used for working capital needs in businesses. It is provided against collateral property, stock, or receivables. The business can use the required amount on the approved limit and pay interest only on the amount used.
Withdraw Anytime | Repay Comfortably | Interest on Usage Only
Using all your savings when you need funds is risky, and that is why a loan against property overdraft facility can turn your property’s value into a flexible credit line. Use the amount you need for your growth.
EasyMoneyLoan’s secured cash credit facility makes it easy to get money when you need it most. You can use your property as security, utilize funds, and repay them as required. It’s a stress-free way to handle bills, business expenses, or any unexpected needs.
1. ROI Starting from 8.5% to 12%
2. IR only on the Withdrawn Amount
3. Yearly Renewal for Continued Access
4. OD Limits up to 75% of Property Value
5. CC Limits up to 150% of Collateral Value
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A secured overdraft facility or cash credit from EasyMoneyLoan gives you a real deal to match your financial needs.
Borrow and repay multiple times within your approved limit, giving you flexibility and control over funds.
Pay interest only on the amount you use, avoiding unnecessary charges on the full limit.
Enjoy yearly renewal of your facility, so your credit line remains active without reapplying.
Access up to 75% for OD or 150% for CC based on your collateral value.
Use self-occupied residential property, commercial property, or fixed deposits to secure your credit.
Funds are released promptly after collateral verification, helping you manage urgent financial needs easily.
When applying for OD/CC against collateral, do check the following:
| Criteria | Requirements |
|---|---|
| Age | Applicant must be between 21 and 65 years to qualify for the facility. |
| Property Type | Self Occupied Residential Property (SORP) can be pledged as collateral for loan. |
| OD Limit | Overdraft limit can go up to 75% of the property’s market value. |
| CC Limit | Cash Credit can be sanctioned up to 150% of the eligible collateral value. |
| Credit Score | Applicants should have a minimum credit score of 700 or higher for approval. |
| Tenure | The facility is offered with yearly renewal, allowing continued access to funds. |
Prepare the following to apply for unsecured overdraft:
PAN & Aadhaar copies Collateral property papers GST registration proof Latest 12 months bank statement ITR last 2 years GST3B returns 12 months Balance sheet audited Utility bill latest Co-applicant KYC copy Valuation report copy Udyam registration copy Property chain papers Existing loan statement Sanction letter copy Guarantor KYC copiesFor buildings pledged against Self-Occupied Residential Property (SORP), finance is provided up to 75% of the property value for Overdraft (OD) and up to 150% of the eligible value for Cash Credit (CC). The interest rate varies from 8.5% to 12%, based on the borrower's profile and evaluation. The facility has an annual renewal feature, subject to fresh evaluation and performance.
Obtaining an Overdraft or Cash Credit facility against collateral is easy and speedy. Just follow these steps:
Go to the EasyMoneyLoan website and click "Apply Now", then choose "OD/CC (Collateral)".
Provide the mandatory details like name, address, date of birth, and business details.
Upload the required documents, such as KYC, bank statements, property documents, and financial documents.
Your application will be processed, and your property, along with your financial suitability, will be scrutinized.
Every company requires access to prompt working capital to take care of day-to-day activities and growth ideas. With EasyMoneyLoan's OD/CC facility, you can draw money whenever required and pay interest only on the utilized amount.
This center assists you in keeping a smooth cash flow, managing operational expenses, and utilizing your property's worth without interrupting your continuous business.
Funds That Work When You Do!
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Any self-employed person, professional (like a doctor), or business organization (proprietorship, partnership, LLP, or Pvt. Ltd. company) with a self-occupied property can apply.
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