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Overdraft

Business overdraft — pay interest only on what you use.

An OD is the right structure for cash-cycle swings, seasonal businesses, and any operating-capital need that is not a one-time spend.

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An overdraft is the most flexible credit line an MSME can hold — and the easiest to misuse. We size it to your cycle so it stays a buffer, not a trap.

Where OD beats a term loan

  • Working-capital swings — receivables, inventory cycles
  • Seasonality — festive, harvest, project-based
  • Buffer for tax and statutory dues
  • Supplier pre-payment opportunities
  • Bridge between disbursal milestones
  • Tender / LBG margin money float

Variants

Secured OD

Against property, FD or business assets. Lower rate, larger limit.

Unsecured OD

Cash-flow based — typical limits up to ₹50 L from NBFCs.

Drop-line OD

Sanctioned limit reduces every quarter — useful for capex bridge.

Velixa positioning

We right-size the limit so you don't pay for unused drawing power, and we choose between bank and NBFC based on your banking strength — not based on which DSA gets the highest commission.

FAQ

Common questions

How is an OD different from a term loan?+

An OD is a revolving limit — you draw what you need, when you need it, and pay interest only on the utilized amount. A term loan is a one-time disbursal with a fixed EMI. OD suits working-capital swings; term loans suit one-time capex.

What's the typical unsecured OD limit I can get?+

Most NBFCs offer unsecured business OD up to ₹50 L based on banking strength and GST turnover. Banks go higher (₹1–2 Cr) but usually require an existing relationship. Secured OD against property or FD can stretch to ₹5 Cr+.

What is a drop-line OD and when should I use one?+

In a drop-line OD, the sanctioned limit reduces every quarter by a fixed amount. It's ideal when you're using the OD as a capex bridge — you want the discipline of a forced paydown without locking into a term loan EMI from day one.

Next step

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