Business Loan in Bihar

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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
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

Bihar, known for its rich culture and history, is a state in eastern India. With a population of over 100 million, Bihar is the third most populous state in the country. Agriculture is the backbone of Bihar’s economy, followed by other sectors such as manufacturing, service, and tourism. However, starting or growing a business in Bihar can be challenging due to the lack of financial resources. That’s where Oxyzo Business Loan comes in, providing collateral-free loans to entrepreneurs in Bihar.

Oxyzo Business Loan is a reliable and trusted financial partner that offers low-cost credit solutions to small and medium enterprises (SMEs) in Bihar. With its 100% digitized process, borrowers can apply for a loan from the comfort of their homes or offices without having to visit a bank. Oxyzo Business Loan’s online application process is hassle-free and quick, taking only a few minutes to complete.

One of the key advantages of Oxyzo Business Loan is that it is collateral-free, meaning borrowers do not have to provide any security to avail of the loan. This makes it easier for entrepreneurs and businesses in Bihar, especially those who do not have any assets to pledge as collateral. Additionally, the loan comes with flexible repayment options, allowing borrowers to repay the loan at their convenience.

Oxyzo Business Loan provides instant disbursement of loans, ensuring that borrowers receive the funds they need quickly and without delay. Whether it’s to purchase equipment, hire staff, or expand their business, borrowers can rely on Oxyzo Business Loan to provide them with the necessary funds to achieve their goals.

In conclusion, Oxyzo Business Loan is an ideal financial solution for small and medium businesses in Bihar. With its low-cost credit, collateral-free loans, 100% digitized process, flexible repayment options, and instant disbursement, Oxyzo Business Loan is committed to helping businesses in Bihar grow and succeed.

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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