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24x7 FlexiCredit - Apply for Instant Overdraft on Salary Account
24x7 FlexiCredit is an Overdraft facility for customers who have a Salary Account with Axis Bank. Avail this Overdraft facility for instant and flexible fund requirement. Utilise FlexiCredit facility for any planned, unplanned or emergency requirement. 24x7 FlexiCredit requires zero documentation, and the credit line is sanctioned in just 2 steps, within 3 minutes. With 24x7 FlexiCredit, you don't need to cut down on your expenses due to insufficient funds in your Savings Account. You can avail up to ₹5 lakhs as an Overdraft facility and pay interest only on utilised amount and for the duration of utilisation. Customers can transfer funds from their 24x7 FlexiCredit Overdraft account to their Salary Account via Internet Banking or Mobile Banking in case of a fund requirement. The bank will charge interest on the utilised amount i.e., the outstanding balance as per the applicable rate of interest in the 24x7 FlexiCredit account for the duration of the funds utilisation. Customers can make the repayment in their 24x7 FlexiCredit Overdraft account from their linked Axis Bank Salary Account or transfer funds from any other mode directly to their 24x7 FlexiCredit Overdraft account.
Features & Benefits
Get competitive Interest Rates
Now avail instant funds through an overdraft facility at competitive interest rates
Flexible repayment
When you avail 24x7 FlexiCredit, there is no fixed EMI and the repayment can be done at customer’s discretion.
Zero prepayment charges
No prepayment or foreclosure charges
Pay interest only on utilisation
Interest will be charged only on utilised amount and for the number of days funds gets utilised
Know how much you can borrow
You can avail a credit line up to 5 times your monthly salary, subject to a cap limit of ₹5 lakhs
Terms & Conditions
Please click here to refer the terms & conditions for 24x7 FlexiCredit
Welcome Benefit
Cashback Benefits
Accelerated Rewards
Small Account will be valid for 12 months, post which it will be allowed to continue for 12 more months, if you provide a document ascertaining that you have applied for any of the officially valid documents within 12 months of opening your account.
Complimentary lounge access
Fuel surcharge Waiver
How to Apply?
- 01
Login with internet banking or mobile banking credentials to check your offer
- 02
Enter OTP to Confirm the 24x7 FlexiCredit Overdraft facility
- 03
Congratulations ! Your Overdraft is now ready to use.
Axis Bank provides you with 24x7 FlexiCredit with excellent benefits. You can avail a loan up to 5 times of your monthly salary, subject to a cap limit of ₹5 lakhs.
Eligibility for 24x7 FlexiCredit
Interest Rates
| Product | Rate of interest (Apr '25 – Jun '25) | Mean Rate | |
|---|---|---|---|
| Minimum ROI | Maximum ROI | ||
| 24x7 FlexiCredit | 16% p.a. | 19% p.a. | 16.77% p.a. |
Note: Mean rate = Sum of rate of interest of all overdraft accounts / number of all overdraft accounts.
Frequently Asked Questions
24x7 FlexiCredit is a 100% digital product which requires no documentation and overdraft/credit line is sanctioned in just 2 steps, within 3 minutes. You can avail funds up to 5 times your monthly salary, with a capping of ₹5 lakhs.
24x7 FlexiCredit is an Overdraft Facility against your Salary Account. Based on your eligibility, now you can avail a credit line and pay interest only on the amount they utilised for the number of days the funds were utilised. It is a good fit for those who wish to solve their urgent financial needs by availing an extra line of credit against their salary.
You can avail a credit limit of up to 5 times their monthly salary, with a capping of ₹5 lakhs.
The amount utilised can be repaid anytime by the customer from the linked Salary Account. There will be an Auto Sweep of the interest applicable from the linked Salary Account on every 1st day of the subsequent month.
Below is the list of fees/charges while availing 24x7 FlexiCredit:
a. Activation fees - ₹750 + tax
b. Bounce charge - ₹500 + tax
c. Renewal Fees - ₹750 + tax
The duration of 24x7 FlexiCredit is set at 12 months. If it satisfies the bank's standards, the tenure will be automatically renewed; if not, the bank may also need the customer's approval to renew.
Yes, by clearing all outstanding dues and submitting a request at any Axis Bank branch/ Asset Servicing Branch.
No, there are no foreclosure or prepayment charges involved.
Customers will be charged a fixed rate of Interest that is calculated on a daily outstanding balance. The interest is charged only on the amount you use and the period for which you use it. In case there is no usage of the funds, there will be no interest payable.
24x7 FlexiCredit is a completely digital journey, and no documents are required.
The customer can avail a minimum line amount of ₹30,000 and a maximum of up to ₹5 lakhs.
On availing 24x7 FlexiCredit, an Overdraft Account will be created in which customers will be assigned a Line of Credit. Interest will not be charged on the sanctioned line amount, but it will be charged only on the funds utilised and for the period of utilisation.
No, only customers who have a salary account with Axis Bank can avail 24x7 FlexiCredit.
24x7 FlexiCredit cannot be availed for more than the pre-qualified amount. You may check other offerings under 24x7 Loans for any of your additional fund requirements.
When you avail 24x7 FlexiCredit, you’ll pay interest only for the credit limit you utilise and for the number of days you use it and not on the entire sanctioned line amount.
No. You will not be able to change your limit. However, please note that if the pre-assigned limit is not utilised there will not be any additional charges.
We offer this facility to existing Axis Bank Salary account holders, based on certain internal policy guidelines.
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