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Instant Overdraft (OD) facility up to ₹3 crore for existing ICICI Bank customers.

Existing ICICI Bank customers can avail an instant OD facility of up to ₹3 crore to fulfil their working capital requirements or for business expansion.

Features & Benefits of Insta Secured Overdraft:

  • Online application
  • Digital documentation
  • Instant sanction
  • Minimal documentation.

Accepted Collateral

Residential/Commercial/Industrial property and Fixed Deposits (FDs).

Documentation*

1. KYC of guarantor and security provider

2. Property documents

3. Latest Bank Statements (in case of a takeover from another bank)

4. Udyam certificate.

*This list is only indicative and is not an exhaustive list of documents. Additional documents might be required on a case-to-case basis.


 

The minimum overdraft limit is ₹15 lakh and the maximum overdraft limit is ₹3 crore.

Instant Secured OD can be availed by:

1. Sole Proprietorship Firm

2. Partnership firm

3. Private Limited Company.

Instant Secured OD can be availed through the InstaBIZ app/Corporate Internet Banking/ICICI Bank website.

No, financial statements are not required to avail Insta Secured OD.