Business Loan in Amritsar

RBI Registered
RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

How does Business Loan Work?

Business Loan Benefits

Collateral-free

Collateral-free

Unsecured business loans do not require land, property or any other business collateral

Low cost credit

Low cost credit

The interest rate charged on a business loan is relatively lower than that of loan

100% digitized process

100% digitized process

The online business loan process is fast and hassle-free

Flexible repayment options

Flexible repayment options

A business loan can be repaid with flexible EMI options

Instant disbursement

Instant disbursement

Get loan disbursement within 24-48 hours of the amount being sanctioned

Business Loan Eligibility & Documents

Apply with minimal documentation

Eligibility

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Minimum turnover ₹3 crores
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Business vintage 3+ years

Required Documents

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

Business Loan Interest Rates, Fees & Charges

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
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Enhanced Security Features

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Hassle-free Loan Applications

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Simplified Documentation Process

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Get Disbursals on the Fly

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Ledger on Your Fingertips

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Enhanced Security Features

How to Apply for a Business Loan

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

No collateral required

No collateral required

Minimum Paperwork

Minimum Paperwork

Attractive interest rate

Attractive interest rate

Flexible repayment tenure

Flexible repayment tenure

Approval within 48 hours

Approval within 48 hours

Nominal processing-fee

Nominal processing-fee

Easy EMI options

Easy EMI options

Get Working capital with Business Loan

Oxyzo Business Loan in Amritsar: Fueling Entrepreneurial Dreams in the Holy City

Amritsar, a city in the state of Punjab, is known for its rich history and cultural heritage. The city is home to several historical sites, including the Golden Temple, which attracts millions of visitors every year. With a population of over 1 million people, Amritsar is also a hub for small and medium-sized businesses.

However, starting and running a successful business requires a significant amount of capital investment, and that’s where Oxyzo Business Loan in Amritsar comes in. Our business loans are designed to empower entrepreneurs to achieve their dreams and take their businesses to new heights.

Benefits of Oxyzo Business Loan in Amritsar:

Collateral-Free Loans: One of the significant benefits of Oxyzo Business Loan in Amritsar is that we offer collateral-free loans. This means that you don’t need to provide any security or collateral to avail our loan. This makes our loan accessible to small and medium-sized businesses that may not have any assets to pledge as collateral.

Low-Cost Credit: Our business loans are also low-cost, which means that you’ll pay less interest on the loan amount. We understand the financial constraints of businesses, and that’s why we offer affordable interest rates that are tailored to your needs.

100% Digitized Process: Our loan application process is entirely digitized, making it easy and convenient for you to apply for a loan from anywhere. You can complete the entire process online, from application to approval and disbursement, without having to visit our office.

Flexible Repayment Options: We understand that every business is unique, and that’s why we offer flexible repayment options to suit your needs. You can choose a repayment tenure that ranges from 12 to 36 months, depending on your cash flow and business requirements.

Instant Disbursement: Once your loan is approved, we’ll disburse the funds to your account within 24 hours. This means that you can access the capital you need to grow your business quickly.

In Conclusion:

If you’re an entrepreneur in Amritsar looking for a business loan to take your business to the next level, look no further than Oxyzo Business Loan. Our collateral-free, low-cost credit, 100% digitized process, flexible repayment options, and instant disbursement make us the perfect partner for your business needs. Contact us today to learn more about how we can help you achieve success.

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.
What is a safe credit score limit to secure business loans ?
It will vary from one lender to another & based on the credit authority they are using, but it is safe to maintain a credit score above 700. The higher or better your credit score, the more favourable it is for you to secure the loan.
Can startups and small businesses secure business loans ?
Yes. They can. There are specific types of business loans specially tailored for startups and SMEs to help them grow and compete with legacy players.
How long does it take for business loans to be approved ?
This varies from lender to lender, but platforms like Oxyzo that use a digitalised process instantly approve your loan and disburse the funds.
What are the consequences of default repayment ?
It is highly inadvisable to do so as it can affect your credit score drastically, preventing you from securing future loans.
What happens when a business loan is prepaid ?
You can pay your loan back before the repayment schedule, but a nominal prepayment charge will be imposed on you.
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