24x7 Quick OD

Axis Bank offers Quick OD to meet the working capital requirements for the Individual business owners. Facility amount ranging from 0.5 lakh to 15 lakhs offered based on banking conduct of the borrower.

1. Collateral free working capital facility
2. No financials required, loan based on banking conduct
3. Interest charged only on utilized amount
4. Quick process and instant disbursement in 3 easy steps

Eligible Constitutions: Resident Individuals with Business Registration and Sole Proprietorships

This facility is offered to Resident Individuals with Business Registration and Sole Proprietorships based on their banking conduct.

Customer can apply in following ways –

• For MB: Loans-> Loan centre->Business-> Quick OD.
• For IB: Apply now->Loans->Business Loan-> Quick OD
• For website: Home->Retail->Loans->24x7 Instant Loan-> 24x7 Quick OD

It is not mandatory to share the Aadhaar details while filling the application. Aadhar details will be required in case the Re-KYC is due of the customer and basis risk classification. In case you do not wish to share your Aadhaar details, you can visit the nearest Axis Bank branch and complete the Re-KYC process.

The online platform is responsive to web based systems & is accessible across devices

You can contact nearest Axis Bank branch or call on the help line on 1860 419 5555 / 1860 500 5555 (9:30 am to 6:00 pm).

You need to complete all 3 steps of your application within 3 days (72 hours) from the time you completed your OTP verification in Step 1.

Post successful completion of journey, your application will be processed, during which a back-end verification will be carried out. The duration of this verification process may vary from 1 hour to a few days, depending on various factors. In an unlikely event where you have not received an email confirmation from us regarding account activation even after 4 business days, please reach out to us here to check the status of your application.

Post successful completion of journey, your application will be processed, during which a back-end verification will be carried out. The duration of this verification process may vary from 1 hour to a few days, depending on various factors. In an unlikely event where you have not received an email confirmation from us regarding account activation even after 4 business days, please reach out to us here to check the status of your application.

You are not required to visit a branch post account opening.

It is always good to have a nominee for your account. In case of unforeseen circumstances, the funds can be transferred to the nominee without any hassle. As an option, you can skip nominee details while opening the account, and you can always add a nominee later.

Yes. At the time of applying for Quick OD, you can provide your communication address with a self-declaration basis Aadhar authentication.

Quick OD is a paperless process. Axis Bank will assess your eligibility basis your banking transactions and other credit-related checks.

We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, loan amount required etc. Interest rate will be linked to Repo Rate. Repo rate will be reset every 3 months or as decided by the Bank, whichever is earlier.

This facility can be availed for working capital requirements of business.

Quick OD is an unsecured facility, therefore no collateral is required to avail this facility.

Quick OD offers an instant decision of a loan post applying.

Your loan eligibility and sanction amount is dependent on credit checks and assessment carried out by the bank.

The loan account will be due for renewal every year after completion of 12 month period.

Yes, Foreclosure charges of 2% on Sanction Limit plus applicable taxes would be levied in case of early closure of this facility

Processing fee of 2% on sanction amount plus applicable taxes would be levied. Stamp duty would be levied on actuals

Interest is charged on the last day of each month.

Interest payment is due on the date on which interest is charged i.e last day of the month.

In case interest on the utlized amount is not paid for the period, penal interest of 2% p.a.in addition to the existing Rate of Interest would be levied.

For using Internet Banking. Please follow the steps: Visit www.axisbank.com > Login > Personal

Please visit your nearest branch to apply for a chequebook for your Digital Quick OD facility.

No, debit card will not be issued for this facility.

You can update the information through Axis Mobile Application, Internet Banking or by visiting the nearest Axis Bank branch.