Interest as per usage
The interest would be charged only for the exact amount and duration of use
Invoice Discounting
Discount your receivables and boost your cash inflows with our bill discounting solution
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Invoice Discounting Benefits
Quick working capital
Get business working capital against unpaid invoices within 2 days
Improve receivables cycle
Accelerate your cashflows and run your business seamlessly
No paperwork
Complete the entire process online to avail bill discounting facility
Revolving credit
Get 60-120 days to rotate the limit and reduce the working capital gap
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
Competitive rate of interest
No part-payment charges
100% digitized application process
No foreclosure charges
Nominal processing fee
No minimum utilization charges
Approval within 48 hours
Easy Repayments
Know about Invoice Discounting
Invoice Discounting is the invoice financing solution provided to SMEs. The SMEs usually get paid after a long period, usually 60-120
days, upon the delivery of goods to the buyer. The SME then leverages their outstanding invoice to the lender for immediate cash to keep
their business working capital cycle running. The lender provides a percentage of the total invoice value to the SME and collects the
amount from the buyer later. This invoice-based lending is called invoice discounting or bill discounting
Oxyzo, the SME-centric RBI registered NBFC, offers smart business financing solutions, such as bill discounting to its clients that are
completely digitized and hassle-free process with no hidden charges.
Frequently Asked Questions
What does invoice discounting mean ?
Invoice discounting or bill discounting is a receivables financing wherein you sell your unpaid invoices to a lender for immediate cash to strengthen your working capital cycles.
What are the advantages of invoice discounting ?
With invoice discounting, one can get paid against unpaid invoices and fulfill their working capital finance needs. There is no collateral required.
What is an escrow account ?
Escrow account is an arrangement in which escrow amount is held by the third party,usually a lender, on behalf of the buyer and seller that are in the process of completing a transaction. It facilitates secure and safe transactions as the third party has the first right of withdrawal in case of default.
What is the eligibility for invoice discounting ?
The eligibility for invoice discounting 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 online invoice discounting.
What is the maximum limit offered by Oxyzo for invoice discounting ?
It 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 proportion of the invoice value.
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