OD/CC Limit
Flexible revolving credit to manage your working capital needs
Overdraft (OD) and Cash Credit (CC) facilities are revolving credit lines that let businesses withdraw funds up to a sanctioned limit, as and when needed, to meet working capital requirements. At Jessica Fincorp, we help you access OD/CC limits that keep finances flowing smoothly between your receivables and payables, even through fluctuations in your cash cycle. Interest is charged only on the amount you actually withdraw — not on the entire sanctioned limit — making OD/CC facilities a cost-effective way to fund inventory purchases, supplier payments, and day-to-day operational expenses.
Flexible Withdrawals
Withdraw funds as needed, up to your approved limit, without repeated approval processes.
Interest Savings
Pay interest only on the amount utilised, not on the full sanctioned limit.
Effective Working Capital Management
Ideal for purchasing inventory, paying suppliers, or covering short-term cash flow crunches.
Caters to Seasonal Variations
Draw funds during peak seasons and repay during off-peak periods for smoother year-round operations.
Higher Limits for Better Credit Scores
Businesses with strong credit scores and repayment histories qualify for higher credit limits.
Flexible Repayment Options
Choose monthly, quarterly, or half-yearly repayment schedules to match your cash flow.
Tax-Deductible Interest
Interest paid on OD/CC facilities is tax-deductible, reducing your overall cost of borrowing.
Eligibility Criteria
- Age: 21 years at application and 65 years at loan maturity (may vary across lenders)
- Minimum Business Vintage: 3 years (may be 5 years for some lenders)
- Minimum Business Turnover: ₹50 Lakhs to over ₹250 crore
- Credit Score: 700 or above (some lenders may accept lower scores)
- Minimum Income: ₹3.5 Lakh per annum
- Eligible Entities: MSMEs, Proprietors, LLPs, Private Limited Companies, self-employed individuals and professionals, and other corporations
Documents Required
- ID Proof: Pan card, Aadhaar Card and Passport
- Ownership Proof: Telephone or electricity bill and Any Utility Bill
- Business continuity proof and business registration proof( GST & Udyam)
- Bank statement for the last 12 months
- Latest ITR along with income computation, balance sheet, and P&L account for the last 3 years, CA certified