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24x7 Quick Overdraft
For any business to grow, a steady fund flow is a necessity. A deficit can stall your plans. However, if you thought that applying for a bank loan for your business working capital needs is a tedious process, 24x7 Quick OD from Axis Bank is here with an answer.
If you are an existing Axis Bank customer, avail instant loans to support your business working capital needs with Axis Bank’s 24x7 Quick OD. This journey is a completely paperless process, economical and you can avail instant disbursal of your loans.
Furthermore, this overdraft facility is a collateral-free loan, enabling you to invest in your enterprise without the fear of locking your assets. Apply now and provide your business with the financial boost it deserves!
**Instant funds can be availed post submission of the online application form and completion of all applicable checks.
Features & Benefits
Paperless: Digital loan at your fingertips
You can apply for this pre-qualified loan through Axis Mobile or Axis Internet Banking, thus ensuring accelerated loan processing and disbursal.
Collateral free loan
Get the funds without having to pledge any asset. This ensures quick sanction of loan with minimum documentation
Economical
Interest charged only on the utilised amount (Interest must be paid even if unutilised OD balance is more than the interest payable)
Flexible repayment options
Repay the amount withdrawn from your overdraft limit any day, any time within the prescribed tenure of the facility
General Information
Disclaimer
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Know MoreFrequently Asked Questions
Axis Bank offers Quick OD to meet the working capital requirements for the Individual business owners. Facility amount ranging from 1 lakh to 20 lakhs offered based on banking conduct of the borrower.
We offer two types of overdrafts
- Quick OD product in which limit is setup with tenure of 12 months
- Dropline OD product in which limit setup drops monthly till the end of the tenure. Tenure ranging from 12 to 48 months.
- Collateral free working capital facility
- Interest charged only on utilized amount
- Quick process and instant disbursement in 3 easy steps
Eligible Constitutions: Resident Individuals with Business Registration and Sole Proprietorships
This facility is offered to Resident Individuals with Business Registration and Sole Proprietorships based on their banking conduct.
Customer can apply in following ways
- For website: Home->Retail->Loans->24x7 Instant Loan-> 24x7 Quick OD
It is not mandatory for the existing customers to share the Aadhaar details while filling the application. Aadhar details will be mandatory for New to Axis Bank Customers and for existing customers it will be required in case of Re-KYC due of the customer and basis risk classification. In case you do not wish to share your Aadhaar details, existing customers can visit the nearest Axis Bank branch and complete the Re-KYC process.
The online platform is responsive to web based systems & is accessible across devices
You can contact nearest Axis Bank branch or call on the help line on 1860 419 5555 / 1860 500 5555 (9:30 am to 6:00 pm).
You need to complete all 3 steps of your application within 30 days from the time you completed your OTP verification step 1.
Post successful completion of journey, your application will be processed, during which a back-end verification will be carried out. The duration of this verification process may vary from 1 hour to a few days, depending on various factors. In an unlikely event where you have not received an email confirmation from us regarding account activation even after 4 business days, please reach out to us here to check the status of your application.
You are not required to visit a branch post account opening.
Yes. At the time of applying for Quick OD, you can provide your communication address with a self-declaration basis Aadhar authentication.
Please follow the steps: Visit www.axis.bank.in > Login > Personal > Apply Now > Loans > Business loan > Quick OD
Please visit your nearest branch to apply for a chequebook for your Digital Quick OD facility.
No, debit card will not be issued for this facility.
You can update the information through Axis Mobile Application, Internet Banking or by visiting the nearest Axis Bank branch.
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