Business Loan in Bhubaneswar

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

Ready to Apply? Here's What You'll Need

Eligibility Criteria

Minimum turnover
₹3 crores
Years of Operation
3+ years
Entities
  • Public Limited
  • Private Limited
  • Sole Proprietorship
  • Partnership

Required Documents

Business Proof
GSTIN
KYC Details
  • PAN Card
  • Aadhaar Card
Financial Documents (last 3 years)
  • Bank Statement
  • Balance Sheet
  • P&L Statement

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

Business Loan

BenefitsHow Business Loan work?How to ApplyWhy OxyzoFAQsApply Online

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

How does Business Loan Work?

How to Apply for a Business Loan

Step-by-step online process to apply for Financing
Apply For Credit
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 Bhubaneswar: Empowering Small Businesses with Access to Capital

Bhubaneswar, the capital city of Odisha, is a hub for small and medium businesses. These businesses are the backbone of the local economy, and they need access to capital to grow and thrive. That’s where Oxyzo Business Loan comes in.

Our business loans in Bhubaneswar are designed to cater to the unique needs of small businesses in the city. We offer a range of benefits that make our loans the perfect choice for businesses that need access to capital to expand their operations.

Benefits of Oxyzo Business Loan in Bhubaneswar:

Collateral-Free Loans: Our business loans in Bhubaneswar 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 Bhubaneswar is the best choice for small business owners who need access to capital to grow their businesses. Our collateral-free, low-cost credit, 100% digitized process, flexible repayment options, and instant disbursement make us the ideal 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 from Oxyzo and what can it be used for?
A business loan from Oxyzo is a term loan designed for SMEs looking to fund long-term growth and expansion activities. It can be used for setting up new manufacturing units, renovating existing plants and machinery, purchasing fixed assets, expanding to new locations, or meeting any capital expenditure need. Unlike working capital loans, business loans are disbursed as a lump sum and repaid through fixed EMIs over a defined tenure -- with rates starting from 12% per annum.
Does Oxyzo provide business loans without collateral?
Yes, Oxyzo offers collateral-free (unsecured) business loans to eligible SMEs -- no land, property, or other assets need to be pledged. Unsecured loans are available up to Rs 5 crores. For businesses requiring higher loan amounts or looking to leverage their assets for better rates, Oxyzo also offers secured business loans.
What is the eligibility criteria for a business loan at Oxyzo?
A business must have a minimum annual turnover of Rs 3 crores and at least 3 years of operational history. Eligible entity types include Public Limited, Private Limited, Sole Proprietorship, and Partnership firms. A CIBIL score above 700 is generally considered favorable, though Oxyzo evaluates each application holistically based on business health and repayment capacity.
What documents are needed to apply for a business loan?
Documents required include: KYC (PAN Card and Aadhaar), GSTIN, last 6 months of bank statements, GSTR details for the current financial year, and audited financial statements (Balance Sheet and P&L) for the previous 3 financial years. The entire application is submitted online -- no physical branch visit is needed.
How long does it take for a business loan to be approved and disbursed?
Oxyzo's fully digital process enables loan approvals within 48 hours of submitting complete documentation. Once sanctioned, funds are typically disbursed within 24-48 hours. This is significantly faster than traditional bank loans which may take several weeks.
What happens if I prepay or foreclose my business loan early?
Prepayment is permitted on Oxyzo's business loans. Foreclosure charges may apply depending on the loan agreement terms -- these differ from purchase finance, which carries zero foreclosure charges. Early repayment positively impacts your credit score and improves eligibility for future credit.
What is the consequence of defaulting on a business loan EMI?
Defaulting on EMI payments significantly damages your credit score, making it difficult to secure future loans from any lender. Oxyzo charges a penal interest of 2% per month (plus applicable taxes) on overdue amounts. Persistent default may lead to the loan being classified as an NPA, legal recovery proceedings, and potential seizure of collateral in the case of secured loans.
Can I get a business loan from Oxyzo if I already have an existing loan from another lender?
Yes, having an existing loan from another lender does not automatically disqualify you from obtaining a business loan from Oxyzo. Oxyzo evaluates your overall debt-to-income ratio, existing repayment track record, and business cash flows as part of the credit assessment. If your existing obligations are being serviced on time and your business demonstrates sufficient cash flow to support an additional EMI, Oxyzo may sanction an additional credit facility. Timely repayment of existing loans is, in fact, a positive signal during credit evaluation.
What credit score is needed to get a business loan from Oxyzo?
While Oxyzo does not publicly mandate a specific minimum credit score, a CIBIL score of 700 or above is generally considered a safe threshold to qualify for a business loan. A higher score (750+) improves chances of approval and may result in more favorable interest rate and tenure terms. However, Oxyzo takes a holistic view of the borrower's financial profile -- a strong GST return history, healthy bank statement, and stable business turnover can partly offset a moderate credit score during underwriting.
How is the business loan tenure decided and what is the maximum repayment period?
The repayment tenure for a business loan at Oxyzo is customized based on the loan amount, business cash flows, and the purpose of the loan. Oxyzo offers flexible EMI options, with tenures tailored to ensure that monthly repayments are comfortably within the borrower's cash flow capacity. While the exact maximum tenure is assessed during underwriting, business loans for expansion and capex typically carry tenures ranging from 12 to 36 months. Longer tenures reduce EMI burden but increase total interest outgo.
Can startups or businesses less than 3 years old get a business loan from Oxyzo?
Oxyzo's standard eligibility criteria require a minimum business vintage of 3 years. This means newly incorporated startups or businesses under 3 years old do not qualify under the standard product terms. This threshold exists because lenders typically need at least 2-3 years of audited financial statements and GST history to assess credit risk accurately. Startups under 3 years should explore government-backed schemes such as MSME loans under CGTMSE, Startup India-linked credit facilities, or incubator-backed credit programs as alternative financing options.
Is Oxyzo's business loan better than a bank business loan?
Oxyzo and traditional bank business loans serve different SME needs and have different strengths. Oxyzo offers significantly faster processing (approval in 48 hours vs. weeks at banks), 100% digital documentation, and more flexible credit assessment that considers GST data and bank statements alongside traditional financials. Banks may offer lower interest rates for highly creditworthy borrowers but typically require more documentation, physical branch visits, and longer approval timelines. For SMEs that need speed, minimal paperwork, and flexible eligibility, Oxyzo's business loan is often a more practical choice.
What is the processing fee for a business loan from Oxyzo, and are there any hidden charges?
The processing fee for a business loan at Oxyzo starts from 1% per annum of the sanctioned loan amount. This is a one-time charge levied at the time of loan disbursement. Oxyzo follows a transparent, no-hidden-charges policy -- there are no application fees, prepayment commitment fees, or undisclosed administrative charges. Additionally, Oxyzo explicitly states that no processing fee is charged before the sanction of the loan; any individual claiming otherwise should be reported to getsupport@oxyzo.in.

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