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Unsecured Dropline Overdraft

Banking Solutions for MSMEs

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.

  • Loan amount can be availed for minimum Rs. 3 Lakh up to Rs. 50 Lakh
  • Loan can be availed for a minimum tenure of 24 months up to 60 months
  • Collateral free
Business Vintage
  • Minimum 2 years in current profession.
Business Income
  • Minimum business income of Rs. 30 Lakh.
  • 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 is to be owned.
  • In case of rented accommodation, residence stability should be of at least 12 months, not applicable if shifted to owned house.
  • Office stability should be of at least 24 months.
Minimum Income
  • In case of individuals, minimum in-come to be of Rs. 2.5 lakh as per ITR for last 2 years.
  • In case of non-individuals, minimum cash profit should be Rs. 3 lakh for last 2 years.
  • 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
Loan Processing Charges

Up to 1.00% + applicable taxes

Part Pre-payment Charges


Foreclosure Charges


Penal Interest

2.00% p.a. additional on existing rate of interest

Repayment Instruction / Instrument Return Charges

Rs. 500/- per instance + applicable taxes

One time AMC at the end of first year

Rs. 5000 for facility less than 10 lakhs

Rs. 15000 for facility more than 10 lakhs

Q. Which constitutions are eligible for Unsecured Dropline Overdraft?

A. We offer the Unsecured Dropline Overdraft facility to resident individuals (with business regis-tration), proprietorship firms, partnership firms, LLP, pvt. ltd. companies and unlisted public companies.

Q. What is the minimum age requirement to avail this facility?

A. The minimum age required to avail this facility is 24 years.

Q. What is the interest rate for your loan facility?

A. 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.

Q. What are the acceptable securities?

A. Unsecured Dropline Overdraft is a collateral free facility.

Q. What will be the tenure for Unsecured Dropline Overdraft?

A. Tenure will be maximum 36 months.