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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Fuel Your Business Dreams with OXYZO
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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 is now available in Bihar, one of India’s most populous states. With the state’s growing economy, many entrepreneurs and small business owners are seeking affordable financing options to help them expand and take their businesses to the next level. Oxyzo’s business loans are designed to meet the needs of small and medium enterprises in Bihar, offering quick and easy access to funding.

At Oxyzo, we understand the unique challenges facing entrepreneurs and small business owners. That’s why we offer collateral-free loans that are tailored to your needs. Our loan products come with a range of benefits that make it easier for you to access the capital you need, when you need it.

One of the main benefits of Oxyzo’s business loans is that they are low-cost. We understand that every business has different needs, and we work hard to ensure that our loan products are affordable for all. With our low interest rates, you can get the funding you need without breaking the bank.

Our loans also come with a 100% digitized process, which means you can apply for and manage your loan online. We know how valuable your time is, and we want to make it as easy as possible for you to get the funds you need. Our online application process is simple and easy to navigate, and we’ll work with you to ensure a smooth and hassle-free experience.

At Oxyzo, we understand that flexible repayment options are crucial for any business looking to grow. That’s why we offer a range of repayment options to suit your needs. We work with you to create a payment plan that’s tailored to your business and your cash flow, so you can focus on growing your business without worrying about how you’ll repay your loan.

Finally, Oxyzo offers instant disbursement of funds, so you can access the capital you need when you need it most. We understand that sometimes time is of the essence, and we’ll work with you to ensure a quick and easy process, so you can get back to growing your business.

In conclusion, if you’re a small business owner or entrepreneur in Bihar, Oxyzo Business Loan is here to help you take your business to the next level. With our low-cost, collateral-free loans, 100% digitized process, flexible repayment options, and instant disbursement, we’re here to support you every step of the way.

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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