banner-logo

What’s In Store For You?

Indian oil card1
no data

What is Overdraft Against Property?

Overdraft Against Property is a secured credit facility where you can avail funds by pledging residential or commercial property. It offers a credit limit that can be withdrawn as needed and repaid flexibly. Interest is charged only on the utilised amount, making it a cost-effective solution for managing cash flow.

Wondering if you are eligible

  • Must be a micro, small, or medium enterprise
  • Cover traders, stockists, wholesalers, retailers, merchants, service providers, and manufacturers
  • Udyam Registration Certificate is mandatory
  • At least 3 years of operational history
  • GST returns filed for the past 12 months
  • A current account maintained for at least 1 year

    •  

Savings Max Account

Benefits and Features

Easy Accessibility

  • Overdraft Against Property offers loan amounts up to ₹10 crore by pledging residential, commercial, or industrial property as collateral.

  • No monthly stock statements or frequent compliance reporting are required, reducing the administrative burden for busy small business owners.

  • HDFC Bank Overdraft Against Property is available across the entire MSME sector, including manufacturing, services, and trading enterprises.

Smart EMI

Interest Rate

  • Interest is charged only on the amount utilised, not the total sanctioned limit, helping to reduce overall borrowing costs significantly.

  • The facility provides highly competitive interest rates since the overdraft is secured against immovable property pledged by the borrower.

Key Image

Customer Support

  • Round-the-clock query support is available via chatbot EVA, toll-free phone numbers, email, and physical branch visits across India.

  • HDFC Bank offers in-house customer assistance during application, sanction, and post-sanction processes to ensure complete guidance and support.

  • ODAP falls under HDFC Bank's 'My Business' platform, offering integrated digital banking, credit cards, and trade services.

pd-benfit-feature-1

More About Overdraft Against Property

  • Benefits:
  • Avail overdraft up to ₹10 crore against residential, commercial, or industrial property.
  • Pay interest only on the utilised amount at competitive rates.
  • Minimal documentation: No monthly stock statements or regular reporting needed.
  • Quick approval with clear documentation and seamless service.
  • Open to MSMEs across sectors: traders, manufacturers, service providers, etc.

    •  

  • Eligibility Criteria:
  • Must be a Micro, Small, or Medium Enterprise (MSME)
  • Business must be at least 3 years old
  • Current Account with HDFC Bank for a minimum 1 year
  • Valid Udyam Registration Certificate required
  • GST returns and financials for the past 12 months are mandatory

    •  

  • How to Apply:
  • Apply online through the HDFC Bank website, visit your nearest branch, or connect via the 24/7 chatbot EVA or toll-free numbers. Click here to locate the nearest HDFC Bank branch.

Frequently Asked Questions

An overdraft loan against property allows you to borrow funds by pledging property as security. You get a credit limit to withdraw as needed, repay flexibly, and pay interest only on the amount used, not the entire limit.

HDFC Bank offers a loan against property at interest rates ranging from 9.00% to 11.00% per annum. The rates depend on factors like loan type and property value.

To be eligible for HDFC Bank Overdraft Against Property, the business must be a micro, small, or medium enterprise with a minimum three-year legacy. It must hold a Udyam Registration Certificate, have filed GST returns for 12 months, and maintain a current account with HDFC Bank for at least one year.

No, income proof is mandatory. To avail of HDFC Bank Overdraft Against Property, you must submit certified financial statements for the previous three years, current account statements for 12 months, and GST returns for 12 months along with your business registration and property documents.

You need to submit address proof, Udyam and GST registration, certified financial statements for the last three years, current account statements for 12 months, and 12-month GST returns. Additionally, all relevant documents of the pledged residential, commercial, or industrial property must be provided for the HDFC Bank Overdraft Against Property.

For HDFC Bank Overdraft Against Property, you can connect via chatbot EVA (24/7), call 1800 1600 / 1800 2600 within India, or +91-22-61606160 from overseas. You can also email the bank, reach out via social media, or visit your nearest HDFC Bank branch for assistance.