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Instant Overdraft (OD) facility up to ₹3 crore for existing ICICI Bank customers.
Existing ICICI Bank customers can avail an instant OD facility of up to ₹3 crore to fulfil their working capital requirements or for business expansion.
Features & Benefits of Insta Secured Overdraft:
- Online application
- Digital documentation
- Instant sanction
- Minimal documentation.
Accepted Collateral
Residential/Commercial/Industrial property and Fixed Deposits (FDs).
Documentation*
1. KYC of guarantor and security provider
2. Property documents
3. Latest Bank Statements (in case of a takeover from another bank)
4. Udyam certificate.
*This list is only indicative and is not an exhaustive list of documents. Additional documents might be required on a case-to-case basis.
The minimum overdraft limit is ₹15 lakh and the maximum overdraft limit is ₹3 crore.
Instant Secured OD can be availed by:
1. Sole Proprietorship Firm
2. Partnership firm
3. Private Limited Company.
Instant Secured OD can be availed through the InstaBIZ app/Corporate Internet Banking/ICICI Bank website.
No, financial statements are not required to avail Insta Secured OD.