Dropline Overdraft

Fulfill your short-term financial needs flexibly with our dropline overdraft financing solution

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RBI Registered

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How does Dropline Overdraft Work?

Dropline Overdraft Benefits

Unsecured credit line

Unsecured credit line

The dropline overdraft does not require land, property, bank guarantee or any other business collateral

Paperless

Paperless

Complete the entire application procedure and disbursal process online in a few clicks

Interest as per usage

Interest as per usage

The interest would be charged only for the exact amount and duration of use

Instant disbursement

Instant disbursement

Get disbursement as soon as you submit invoices

Better payment cycles

Better payment cycles

Improve your cash flow with advance supplier payments

Eligibility & Required Documents

Apply with minimal documentation

Eligibility

Minimum turnover
Minimum turnover ₹3 crores
Business vintage
Business vintage 3+ years

Required Documents

details
KYC details
Last
Last 6 months
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
GSTR details for current fiscal year

Our Terms

Interest Rates
Starts from 12% per annum
Processing Fees
Starts from 1% per annum
Penal Interest
Starts from 2% per month + Applicable Tax
EMI & Check Bounce Charges
500 + Applicable Tax
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Enhanced Security Features

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Hassle-free Loan Applications

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Simplified Documentation Process

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Get Disbursals on the Fly

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Ledger on Your Fingertips

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Enhanced Security Features

How to Apply for Credit

Step-by-step online process to apply
for Financing

1

Check Eligibility

Check your loan eligibility

2

Submit Application

Complete a 100% online application form

3

Get Sanctioned

We will evaluate your application and propose a fair sanction

4

Receive Funds

Get disbursements within 2 days of sanction

Why Oxyzo?

Oxyzo provides new-age customized financing
products for your business needs

Collateral-free line of credit

Collateral-free line of credit

Approval within 48 hours

Approval within 48 hours

One-time processing fee only

One-time processing fee only

No new bank Account required

No new bank Account required

No pre-closure charges

No pre-closure charges

No minimum utilization charges

No minimum utilization charges

Best interest rate in the industry

Best interest rate in the industry

Flexible repayment options

Flexible repayment options

100% digitized process

100% digitized process

Know about Dropline Overdraft

Dropline overdraft is a definite upgrade to the overdraft facility, combining the advantages of term loans and overdrafts. A dropline od is a short-term finance that allows a borrower to withdraw funds from Oxyzo up to a predetermined limit,however, the actual withdrawal limit reduces from the sanctioned amount as per drop frequency. Drop Line Overdraft helps SMEs meet their working capital needs and aids in the growth of their business.
Oxyzo, the SME-centric RBI registered NBFC, offers the smart business financing solutions, such as Dropline OD, to its clients that are completely digitized and hassle-free with no hidden charges.

Frequently Asked Questions

What are the benefits of dropline overdraft ?
It is a reducing exposure and a collateral-free financial tool which can be availed by SMEs to meet the short term financial requirements and bridge the working capital gap in their business.
How is the interest rate charged on the dropline overdraft facility ?
The interest rate is charged on a pro-rata basis on the amount that is withdrawn, not on the actual limit that is sanctioned.
What is the difference between a bank overdraft and a dropline overdraft ?
Unlike the overdraft facility, the actual withdrawal limit reduces from the sanctioned amount in a preset drop frequency when an SME avails a dropline overdraft facility.
Does Oxyzo provide unsecured drop line overdraft ?
Yes. Oxyzo provides both unsecured and secured dropline overdraft facility.
Is there any yearly fee for a dropline overdraft ?
No, there is only a one-time processing fee charged.
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