Invoice Discounting

Discount your receivables and boost your cash inflows with our bill discounting solution

RBI Registered

RBI Registered

How does Invoice Discounting Work?

How does Invoice Discounting <span class="span">Work?</span>
play_arrow

Invoice Discounting Benefits

Interest as per usage

Interest as per usage

The interest would be charged only for the exact amount and duration of use

Quick working capital

Quick working capital

Get business working capital against unpaid invoices within 2 days

Improve receivables cycle

Improve receivables cycle

Accelerate your cashflows and run your business seamlessly

No paperwork

No paperwork

Complete the entire process online to avail bill discounting facility

Revolving credit

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 <strong>₹3 crores</strong>
Minimum turnover ₹3 crores
Business vintage <strong>3+ years</strong>
Business vintage 3+ years

Required Documents

<strong>KYC</strong> details
KYC details
Last <strong>6 months</strong> of banking
Last 6 months of banking
Financials for previous <strong>2 fiscal years</strong>
Financials for previous 2 fiscal years
<strong>GSTR details</strong> for current fiscal year
GSTR details for current fiscal year

How to Apply for Credit

Step-by-step online process to apply
for Financing

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

Competitive rate of interest

No part-payment charges

No part-payment charges

100% digitized application process

100% digitized application process

No foreclosure charges

No foreclosure charges

Nominal processing fee

Nominal processing fee

No minimum utilization charges

No minimum utilization charges

Approval within 48 hours

Approval within 48 hours

Easy Repayments

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 ?
remove_circle_outline add_circle_outline
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 ?
remove_circle_outline add_circle_outline
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 ?
remove_circle_outline add_circle_outline
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 ?
remove_circle_outline add_circle_outline
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 ?
remove_circle_outline add_circle_outline
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.
NOTE: No processing fee is being charged by Oxyzo before the sanction of the loan. Any individual claiming otherwise must not be entertained.
Please report such activity on getsupport@oxyzo.in
© 2023 Oxyzo Financial Services Pvt. Ltd. All Rights Reserved