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 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

Business Loan in Bihar: Get Working capital Loan

Oxyzo Business Loan is now a vital resource for business loan in Bihar, serving the state’s evolving economy and the goals of entrepreneurs and small business owners. With industries in Bihar ranging from agriculture to manufacturing, there is a significant demand for SME finance. Oxyzo’s business loans provide a timely solution in this context, offering accessible financing options to foster business expansion and innovation.

Understanding the challenges faced in Bihar’s commercial sector, Oxyzo offers small business loans in Bihar that are collateral-free and customized. These loans are not just beneficial for traditional businesses but also for those seeking working capital loans to maintain and grow their operations. They cater to the unique needs of various industries in Bihar, providing a strong financial foundation for growth.

A notable aspect of Oxyzo’s services is the competitive business loan in Bihar interest rate. We ensure that our loan products are affordable, addressing the needs of businesses across different scales. This is crucial for SMEs in Bihar, enabling them to pursue their business goals without financial constraints.

Moreover, our Bihar business loan apply online process represents the epitome of convenience. This digital approach is time-saving, a critical factor for busy entrepreneurs in Bihar. It facilitates easy access to business fund options, streamlining the process of securing necessary finances.

We also offer flexible repayment options, keeping in mind the varied cash flow scenarios in Bihar’s business environment. Whether you’re managing a startup or a well-established enterprise, our repayment plans are tailored to suit your business’s financial rhythm.

Additionally, Oxyzo’s commitment to swift fund disbursement is a key advantage for businesses in need of immediate working capital loans or other financial support. This efficiency is vital in Bihar, where market opportunities can arise swiftly and require prompt financial responses.

In summary, for entrepreneurs in Bihar aiming to scale their businesses, Oxyzo’s business loan in Bihar is an excellent option. Offering low-cost, collateral-free loans, streamlined online application, flexible repayments, and quick fund disbursement, Oxyzo stands as a pivotal ally in the growth and success of Bihar’s diverse business ecosystem.

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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