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24x7 Quick OD

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 and 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


Interest charged only on the utilized 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Repay the amount withdrawn from your overdraft limit any day, any time within the prescribed tenure of the facility

Frequently Asked Questions:

Axis Bank offers Quick OD to meet the working capital requirements for the Individual business owners. Facility amount ranging from 0.5 lakh to 15 lakhs offered based on banking conduct of the borrower.

1. Collateral free working capital facility
2. No financials required, loan based on banking conduct
3. Interest charged only on utilized amount
4. 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 MB: Loans-> Loan centre->Business-> Quick OD.
  • For IB: Apply now->Loans->Business Loan-> Quick OD
  • For website: Home->Retail->Loans->24x7 Instant Loan-> 24x7 Quick OD

It is not mandatory to share the Aadhaar details while filling the application. Aadhar details will be required in case the Re-KYC is due of the customer and basis risk classification. In case you do not wish to share your Aadhaar details, you 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.

Quick OD is a paperless process. Axis Bank will assess your eligibility basis your banking transactions and other credit-related checks.

We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, loan amount required etc. Interest rate will be linked to Repo Rate. Repo rate will be reset every 3 months or as decided by the Bank, whichever is earlier.

This facility can be availed for working capital requirements of business.

Quick OD is an unsecured facility, therefore no collateral is required to avail this facility.

Quick OD offers an instant decision of a loan post applying.

Your loan eligibility and sanction amount is dependent on credit checks and assessment carried out by the bank.

The loan account will be due for renewal every year after completion of 12 month period.

Yes, Foreclosure charges of 2% on Sanction Limit plus applicable taxes would be levied in case of early closure of this facility

Processing fee of 2% on sanction amount plus applicable taxes would be levied. Stamp duty would be levied on actuals

Interest is charged on the last day of each month.

Interest payment is due on the date on which interest is charged i.e last day of the month.

8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding Rs. 1, 00,000/- per instance).

There shall be no capitalisation of Penal Charges.

The said Penal Charges will be subject to GST asper applicable law on Goods and Service Tax in India, and GST will be charged separately.

For using Internet Banking. Please follow the steps: Visit > Login > Personal

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.

General Information

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