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DL-OD

Drop-Line Overdraft (Secured)

A credit line that shrinks as you pay.

Structure: Secured drop-line overdraft
LTV: Up to 80% of property value
Interest rate: From 9.75%* p.a. on the drawn balance

Apply for DL-OD or message on WhatsApp

At A Glance

Purpose: Flexible property-backed funding through an Overdraft facility*
Facility: Dropline OD with monthly or annual reducing limit*
Facility Structure: Up to 100% OD or Term Loan + OD combination*
Tenure: As per the underlying loan product*
Property Accepted: Residential / Commercial / Specialised Property / Eligible Land*

See all 6 requirements

The Short Version

What Drop-Line Overdraft (Secured) actually does for you.

This is a limit against your property that reduces step by step over the loan period. You pay interest only on the amount you actually use. It can suit you if your need for cash goes up and down during the year.

What's included

Secured against a residential or commercial property
The sanctioned limit reduces on a monthly or quarterly schedule
Typically no prepayment penalty on the reducing portion
Suited to seasonal or uneven cash requirements

Do you qualify?

Clear, marketable title in the applicant's name
At least two years of business or professional income
A steady banking track record over the preceding 12 months
Self-employed professional or business owner with a steady income
Residential, commercial or industrial property that can be pledged as security
A good credit history; a CIBIL score of around 700 or above may help

Which One Are You

SalariedYou draw a fixed monthly salary from an employer, in a private company, a government job or a public-sector unit. Lenders mainly check your salary slips, Form 16 and the salary credits in your bank account, and how long you have been with your employer. A steady job and a regular record of salary credits usually make the process simpler.

Proprietor / ProfessionalYou run a business in your own name, or practise a profession such as medicine, law, accountancy or architecture. There is no separate company, so the lender looks at you and the business together: your ITRs, your financial statements and your business bank account. Clear books and returns filed on time help a lot.

Partnership / LLPThe business is a partnership firm or an LLP. The lender checks the firm's registration, its financials and its bank statements, and also the standing of each partner, so every partner's KYC and tax returns are usually needed. A signed partnership deed that allows borrowing keeps things smooth.

CompanyThe business is a private or public limited company. The lender checks the incorporation papers, the directors and the shareholding, the company's audited financials and its bank statements. A board resolution authorising the loan is usually needed, and directors may be asked to stand as guarantors.

Documents Required (Checklist)

For Salaried

Last 3 months' salary slips
Last 6 months' bank statement showing salary credits
Latest Form 16 (or last 2 years'), and ITR with Form 26AS if your income is taxable
Details of existing loans, with EMIs and statements

For Every Applicant

KYC (PAN, Aadhaar, address proof)
Property papers (agreement, title chain, tax receipts)

This is the usual list for each type of applicant. Get the exact checklist for drop-line overdraft (secured), sent as a PDF you can save or print.

Fees and other charges

Besides interest, a lender may charge a few fees. It helps to know them before you apply, so there are no surprises.

Processing fee

A percentage of the limit plus GST, often somewhere between about 0.5% and 1.5%. It is charged when the limit is sanctioned and again when it is renewed or enhanced.

Annual review or renewal fee

Working-capital limits are reviewed every year. Many lenders charge a renewal or review fee at that point.

Inspection, valuation and legal charges

Where the limit is backed by stock, receivables or property, the lender may charge for inspections, valuations or a legal check.

Penal charges

Going over the sanctioned limit, or not routing enough business through the account, can attract extra interest or charges. Each lender sets its own terms.

These are general guides and every lender sets its own fees. Your expert will share the exact charges in writing before you sign.

Why Growth Capital Services

One conversation, many lenders to compare.

We are a loan consultant, not the lender. We help you compare options from 75+ Banks and NBFCs, prepare your documents, and follow your application through each step.

Check Your Eligibility Talk to Our Loan Expert

Important note: Interest rate, loan amount, tenure, charges, eligibility, approval and disbursement depend on the policy of the respective Bank or NBFC, your profile, credit assessment and the applicable terms. Growth Capital Services is a loan consultant and does not lend money itself. The details on this page are for general information.

Run the numbers

Calculators for your Drop-Line Overdraft (Secured)

Try your own figures before you apply — nothing is saved or sent.

Loan Against Property

How much can your property unlock?

Estimate the loan amount and EMI available against your property's market value.

Property Market Value

₹1.00 Cr

₹1 L₹20 Cr

Loan-to-Value (LTV)

40%75%

Interest Rate

Tenure

Years

Eligible Loan Amount

₹60.00 L

Estimated EMI

₹64,476

Actual LTV depends on property type, location, age and lender policy. Commercial property typically gets a lower LTV than residential.

Talk to an Expert

Step-by-step guide

Drop-Line Overdraft (Secured) process, step by step.

A drop-line overdraft gives you a limit that reduces over time. Here is how it is arranged.

Tell us your need

Share how much cash cushion you want and what property you can offer as security.

Property and limit check

We estimate the limit your property can support and shortlist lenders.

Documents and valuation

You provide business and property papers, and the lender values the property.

Sanction and set-up

The lender sets the limit and the schedule by which it steps down.

Use and repay

You draw what you need within the limit and pay interest on the amount used.

With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.

Worth Comparing