Business Loan in Bhavnagar

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How does Business Loan Work?

Business Loan Benefits

Collateral-free

Collateral-free

Unsecured business loans do not require land, property, bank guarantee 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

Eligibility & Required Documents

Apply with minimal documentation

Eligibility

Minimum turnover
Minimum turnover ₹3 crores
Business vintage
Business vintage 3+ years

Required Documents

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

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 Bhavnagar: Helping Small Businesses Thrive

Bhavnagar, located in the western Indian state of Gujarat, is a growing industrial hub that is home to various small and medium businesses. For these businesses to grow and expand, they need access to capital. That’s where Oxyzo Business Loan comes in.

At Oxyzo, we understand the unique needs of small businesses in Bhavnagar and offer business loans that cater to these needs. Our loans come with a range of benefits that make them the best choice for small business owners who are looking to expand their businesses.

Benefits of Oxyzo Business Loan in Bhavnagar:

Collateral-Free Loans: Our business loans in Bhavnagar are collateral-free, which means that you don’t need to pledge any collateral or security to avail of the loan. This makes our loans accessible to small businesses that may not have any assets to pledge as collateral.

Low-Cost Credit: We offer affordable interest rates that are tailored to your business needs. Our low-cost credit ensures that you can repay the loan without any financial burden, making our loans an excellent choice for small businesses that need capital at affordable rates.

100% Digitized Process: Our loan application process is 100% digitized, which means that you can apply for a loan from the comfort of your home or office. You can complete the entire process online, from application to approval and disbursement, without having to visit our office.

Flexible Repayment Options: We offer flexible repayment options to suit your business 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:

Oxyzo Business Loan in Bhavnagar is the perfect solution for small business owners who need capital to grow their businesses. Our collateral-free, low-cost credit, 100% digitized process, flexible repayment options, and instant disbursement make us the best 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.

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