ICICI Bank Insta OD is an online lending platform that caters to the working capital requirements of customers by providing them instant funds in a few clicks. The bank offers overdraft limit up to Rs. 15 Lakhs to existing customers and Rs. 10 Lakhs for new customers.
Following are the key details of ICICI Insta OD:
|Loan amount||Up to Rs. 15 Lakhs to existing customers & Rs. 10 Lakhs to new customers|
|Interest rate||16% p.a.|
|Tenure||12 months from the date of limit setup & after that the facility can be renewed at the discretion of ICICI Bank.|
|Processing fee (non-refundable)||2% of the OD amount + applicable taxes|
The main features and benefits of Insta OD ICICI Bank are mentioned below:
You have to meet the following eligibility norms to avail of the Insta OD ICICI facility:
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If you want to avail the facility of ICICI Insta OD apply, you can do it through the following multiple channels:
If you wish to avail ICICI Bank Insta OD facility through ICICI Bank website, login through the link mentioned below:
The eligible customers can login by following the steps given below:
You can also apply using the link given below:
To know more about the InstaOD ICICI Bank application process, you can contact the nearest ICICI Bank central helpline number on 022-42097572 from 9:30 am to 6:00 pm.
ICICI Overdraft facility can be availed through the following multiple channels:
The overdraft limit in ICICI Bank is maximum up to Rs. 15 Lakhs for existing customers and Rs. 10 Lakhs for new customers. The limit depends on banking transactions and account conduct of the customer as assessed by ICICI Bank over 12 months.
Customers get a credit limit for Insta OD in ICICI Bank worth up to 3 times their net salary. They have to pay for only what they use as the interest is to be paid only on the actual OD amount utilized by the customer. It comes with a fixed rate of 16% per annum, that is calculated on a daily reducing balance.
ICICI Bank customers are selected for ICICI InstaOD basis their banking relationship with the bank, in addition to other parameters. Then they are offered a pre-approved FlexiCash overdraft limit on their salary account.
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You can reach the ICICI Insta OD customer care number on 022-42097572 from 9:30 am to 6:00 pm