Collateral-free
Unsecured business loans do not require land, property, bank guarantee or any other business collateral
Business Loan
Meet your fixed asset expenditure and all other day-to-day business expenses with our term loan solution
RBI Registered
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Business Loan Benefits
Low cost credit
The interest rate charged on a business loan is relatively lower than that of loan
100% digitized process
The online business loan process is fast and hassle-free
Flexible repayment options
A business loan can be repaid with flexible EMI options
Instant disbursement
Get loan disbursement within 24-48 hours of the amount being sanctioned
Eligibility & Required Documents
Apply with minimal documentation
Eligibility
Minimum turnover ₹3 crores
Business vintage 3+ years
Required Documents
KYC details
Last 6 months
Financials for previous 2 fiscal years
GSTR details for current fiscal year
Our Terms
Interest Rates
Starts from 12% per annum
Processing Fees
Starts from 1% per annum
Penal Interest
Starts from 2% per month + Applicable Tax
EMI & Check Bounce Charges
500 + Applicable Tax
1
Check Eligibility
Check your loan eligibility
2
Submit Application
Complete a 100% online application form
3
Get Sanctioned
We will evaluate your application and propose a fair sanction
4
Receive Funds
Get disbursements within 2 days of sanction
Why Oxyzo?
Oxyzo provides new-age customized financing
products for your business needs
No collateral required
Minimum Paperwork
Attractive interest rate
Flexible repayment tenure
Approval within 48 hours
Nominal processing-fee
Easy EMI options
Know about Business Loans
A business Loan is the long term financing solution provided to SMEs. Due to a lack of cash reserves, SMEs face issues with cash flow management. The business financing solution the SMEs can consider in such situations is an online business loan. With the instant business loan,SMEs can expand their business, renovate existing manufacturing plant and machinery and boost production in a short time. Small businesses can thus unleash their full potential and accelerate their growth. Oxyzo, the SME-centric RBI registered NBFC, offers the best business financing solutions, such as collateral-free business loans to its clients that are completely digitized, and hassle-free with no hidden charges
Frequently Asked Questions
What is a business loan and for what purpose is it used ?
A business loan is a form of term loan that is specifically used by SMEs for business expansion purposes and to help them grow and scale their business. Monthly payments are fixed over the tenure with a lending agreement.A lending agreement is signed between a lender and a business. The lender provides money to the business. The business repays in an agreed-upon duration of time with an agreed amount of interest. We offer it as a term loan as it can be paid back quickly in EMIs convenient to the SME owners.
Does Oxyzo provide business loan without security only ?
No, Oxyzo offers both unsecured business loans and secured loans for setting up new factories, renovating existing plants and other business expansion activities.
How is the eligibility calculated for a business loan ?
Business loan eligibility depends on the business vintage and turnover. SMEs must have a minimum turnover of 3 crores and a business vintage of atleast 3 years to apply for business loan online.
What are the business loan documents required ?
SMEs are required to apply online for a business loan with the following documents:
- KYC documents
- Last 6 months of banking
- GSTR details for the current financial year
- Financial statements for the previous 3 financial years.
What is the maximum business loan offered by Oxyzo ?
The business loan limit in Oxyzo depends on the eligibility, your requirement and our comfort. If you meet our basic guidelines and our team has comfort in terms of credit assessment, we offer a decent sanction.
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