To access the old website
Click Here
Explore 250+ banking
services on Axis Mobile App
Scan to Download
- Current Account
- Pay
- Collect
- Trade
Services
Solution for Exporters
- Debt & Working Capital
24x7 Loans
For MSMEs with turnover up to ₹30 Cr
- Treasury
- Transact Digitally
- Home
- Business Banking
- Small Business Banking
- Loans For Self Employed Professionals
- Unsecured Dropline Overdraft
Loan amount can be availed for a minimum of ₹3 lakhs and up to ₹50 lakhs.
Loan tenure ranges from a minimum of 24 months to a maximum of 60 months.
Collateral-free.
Unsecured Dropline Overdraft
Avail of Axis Bank’s collateral free MSME Dropline OD facility, tailor made for doctors and CA professionals to meet immediate working capital requirements. This facility offers the flexibility in repayment and interest is charged only on the amount utilized. The assigned Dropline Overdraft loan line functions like a normal overdraft facility in first year of loan tenure and drops every month in equal portion beginning second year for remaining tenure.
Commercials
| Loan processing charges | Part pre-payment charges | Foreclosure charges | Penal interest | Repayment instruction / instrument return charges | One-time AMC at the end of the first year |
|---|---|---|---|---|---|
| Up to 1% + applicable taxes | NA | NA | 2.00% p.a. additional on the existing rate of interest | ₹500 per instance + applicable taxes | ₹5,000 for a facility less than ₹10 lakhs ₹15,000 for a facility more than ₹10 lakhs |
Business vintage
- Minimum 2 years in current profession
Business income
- Minimum business income of ₹30 lakhs
Age
- Minimum 24 years at the time of loan application
- Maximum 70 years at the end of loan tenure
Residence / office stability
- Either office or residential property must be owned
- In case of rented accommodation, residence stability should be at least 12 months, not applicable if shifted to owned house
- Office stability should be at least 24 months
Minimum income
- In case of individuals, minimum income should be ₹2.5 lakhs as per ITR for the last 2 years
- In case of non-individuals, minimum cash profit should be ₹3 lakhs for the last 2 years
Documentation
- KYC Documents
- Duly filled in application form signed by the customer
- Relevant financial documents
- Bank account statement of last 6 months
- PAN Card/Form 60
- Business Proof
Frequently Asked Questions
We offer the Unsecured Dropline Overdraft facility to resident individuals (with business registration), proprietorship firms, partnership firms, LLPs, private limited companies, and unlisted public companies.
The minimum age required to avail this facility is 24 years.
We offer competitive interest rates for our loan facilities. The interest for each loan is deter-mined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.
The Unsecured Dropline Overdraft is a collateral-free facility.
Tenure for Unsecured Dropline Overdraft will be maximum 36 months.
