About Rupee Bridge Unsecured Overdraft
Rupee Bridge’s Unsecured Overdraft facility is tailored for individuals and entrepreneurs seeking instant liquidity without the complexities of traditional loans. It offers on-demand access to funds without needing collateral, giving you complete financial flexibility.
With interest charged only on the utilized amount, this facility is ideal for managing cash flow gaps, seizing business opportunities, or handling unforeseen expenses. Stay financially agile with hassle-free withdrawal and repayment options.
Collateral-Free Access
No assets required to secure funds.
Flexible Withdrawal & Repayment
Withdraw funds when needed.
Key Benefits of Our Unsecured Overdraft
Experience hassle-free funding with interest only on the amount used—perfect for managing short-term needs and seizing new opportunities.
No Collateral Required
100% unsecured facility—no assets needed.
Instant Access to Funds
Get funds when you need them, directly to your account.
High Flexibility
Withdraw and repay multiple times within the limit.
Ideal for Short-Term Needs
Perfect for bridging cash gaps or handling urgent expenses.
Frequently Asked Questions
What is an Unsecured Overdraft (OD) for SMEs?
An Unsecured Overdraft is a flexible line of credit offered to Small and Medium Enterprises (SMEs) without requiring collateral. Businesses can withdraw funds as needed within a sanctioned limit and pay interest only on the utilized amount.
What is the interest rate for an Unsecured OD?
Interest rates typically range from 13% to 21% per annum
How long is the OD facility valid for?
Most OD limits are sanctioned for 12 months, with options to renew annually based on repayment performance and continued eligibility. Some lenders offer automated renewal options.
Can I repay and reuse the overdraft limit?
Yes. OD is a revolving credit facility. Once you repay the utilized amount (partly or fully), that amount becomes available again for reuse, without reapplying.
Can startups apply for an unsecured OD?
Startups with at least 12 months of operational revenue and bank activity may be eligible. However, most lenders prefer businesses with stable cash flows and existing financial records. Rupee Bridge helps startups explore lender options that fit.
How long does approval take?
If all documents are in order, approval and OD limit setup can happen within 3 to 7 working days. Rupee Bridge will coordinate end-to-end to ensure a smooth and fast experience.