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UOD

Unsecured DOD

Standby cash, no EMI from day one.

Structure: Unsecured drop-line overdraft
Limit: Up to ₹2 Cr
Interest rate: From 13.50%* p.a. on the drawn balance

Apply for UOD or message on WhatsApp

At A Glance

Purpose: An overdraft without collateral; the limit reduces over the loan period
Security: None
Who can apply: At least 3 years of business operations

See what you will need

The Short Version

What Unsecured DOD actually does for you.

An overdraft without collateral where the limit reduces over the loan period. Use the money when your business needs it and repay when you can. You pay interest only on the amount you have used.

What's included

Draw and repay as often as needed
Interest charged only on the amount outstanding
The limit steps down over the tenure
No property or asset pledge required

Do you qualify?

At least 3 years of business operations
A healthy average balance across current accounts
No adverse remarks on existing credit facilities
Self-employed business owner or professional running a current account
A good credit record for the business and its owners; 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)

This is the usual list for each type of applicant. Get the exact checklist for unsecured dod, 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 Unsecured DOD

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

EMI Calculator

Plan your loan payments

Adjust the sliders to estimate your monthly EMI, total interest and total repayment.

Loan Amount

₹50.00 L

₹1 L₹10 Cr

Interest Rate (p.a.)

5%24%

Loan Tenure

Years

1 Yr30 Yrs

Monthly EMI: ₹46,607
Total interest: ₹61,85,574
Total payable amount: ₹1,11,85,574

EMI₹46,607per month

Principal (45%)

Interest (55%)

Talk to an Expert

Step-by-step guide

Unsecured DOD process, step by step.

An unsecured drop-down overdraft is standby cash with no EMI until you use it. Here is how it is set up.

Share your need

Tell us how much standby cash your business wants.

Check your accounts

We review your banking and credit record to see what limit is realistic.

Match a lender

We shortlist lenders who offer this facility to businesses like yours.

Documents and sanction

You submit KYC and business papers, and the lender sanctions the limit.

Draw when needed

You use the limit as required and pay interest only on what you have drawn.

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