ICICI Bank Insta OD_ Unlocking Financial Flexibility

1. ICICI Bank Insta OD: Unlocking Financial Flexibility ICICI Bank Insta OD, short for Instant Overdraft, is a financial product offered by ICICI Bank that provides customers with quick access to additional funds when needed. This facility is designed to offer financial flexibility, making it a valuable resource for both individuals and businesses. Key Features of ICICI Bank InstaOD 1. Quick Approval: One of the standout features of the Insta OD is its rapid approval process. Customers can apply for this overdraft online or through the bank’s mobile app and receive approval within minutes. 2. No Collateral Required: Unlike traditional loans that often require collateral, ICICI Bank Insta OD is an unsecured overdraft facility. This means you don’t need to pledge assets or provide security to access these funds. 3. Flexible Repayment: The Insta OD allows you to repay the borrowed amount at your convenience. You can choose to repay it in a lump sum or in smaller installments, depending on your financial situation. 4. Competitive Interest Rates: ICICI Bank offers competitive interest rates on Insta OD, ensuring that you have access to funds without incurring excessive borrowing costs. 5. Credit Limit: Your credit limit for Insta OD is determined based on your creditworthiness and financial history. It can range from a few thousand to lakhs, providing you with the flexibility to access the required amount.

2. Fees and charges* ● These are the charges according to the ICICI Bank website: ● Processing fee: Starting at Rs 1,999 + Goods and Services Tax (GST) ● Renewal fee: Flat Rs 1,999 + GST ● ROI: Between 12% and 14% per year Benefits of ICICI Bank InstaOD ● Emergency Funds: Insta OD serves as a financial safety net during emergencies, ensuring that you have access to funds when unexpected expenses arise. ● Business Growth: For entrepreneurs and business owners, Insta OD can be a valuable tool for managing working capital, bridging financial gaps, and seizing growth opportunities. ● No Prepayment Charges: ICICI Bank allows you to prepay your Insta OD without incurring any additional charges, giving you full control over your finances. ● Convenience: The online application process and quick approval make it a convenient choice for those in need of immediate funds. ● Flexible Repayment: You have the flexibility to repay the borrowed amount at your own pace, aligning with your cash flow. Eligibility and Application To be eligible for ICICI Bank Insta OD, you typically need to have a good credit score and a stable source of income. The bank may also consider your relationship with ICICI Bank when evaluating your eligibility. Applying for Insta OD is a straightforward process, and you can do it through the bank’s website or mobile app. And you can also apply through Bravima Solution Just go to the Bravima Solution website and click on the Apply Now button. Fill out all the details and submit the form; our sales executive will call you back.