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SME Loans (Small & Medium Enterprises)
(Turnover Up To 250 Cr)

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Power OD

Provide a boost of liquidity to your business through easy to use quick overdraft facilities

Overview

Grant your business access to a hassle-free and simplified source of funds with the PowerOD (overdraft) Program. A feature applicable for various business units including MSME units engaged in manufacturing, trade and services activities. The Power OD program can be a great tool to address any short term need for funds.

Please note that this service is not extended to Arthiyas and commission agents.

Key Highlights

This is an overdraft facility which can be availed by the client for working capital purposes. The overdraft limit is not linked to one’s drawing power. Limits under this program cannot be clubbed with any other Program of Commercial Banking Group

Features and Benefits

Turnover - Upto Rs. 75 Cr.

Limits - Upto Rs. 5 Cr. (ECLGS Limits are over and above the limits specified)

Product Offerings - Overdraft Facility, Bank Guarantee & Letter of credit

Collateral - Residential, Commercial and Industrial property acceptable and Fixed Deposit

Key Documents Required* -

  • Latest 12-month bank statements
  • Latest ITR and Financial statements
  • KYC documents and collateral details

* Additional documents may be requested based on Axis Bank Policies

Purpose

Overdraft facility for working capital purposes