Business Loan in Chhattisgarh

RBI Registered

RBI Registered

How does Business Loan Work?

How does Business Loan
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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

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

Chhattisgarh is a central Indian state known for its vast mineral resources and lush green forests. The state is home to several small and medium-scale industries, and the government has been focusing on creating a conducive environment for businesses to flourish. To support this vision, Oxyzo offers quick and hassle-free business loans in Chhattisgarh.

One of the significant advantages of an Oxyzo business loan is that it is collateral-free. This means that businesses can get access to credit without pledging any asset as security. The loan application process is 100% digitized, ensuring a seamless experience for entrepreneurs. This makes it easier for businesses in remote parts of the state to apply for a loan without having to visit a physical branch.

Another benefit of an Oxyzo business loan is the flexible repayment options. We understand that businesses go through cyclical phases, and it may not always be possible to stick to a fixed repayment schedule. Therefore, we offer customized repayment options based on the business’s cash flow and revenue generation.

With low-cost credit, businesses in Chhattisgarh can access funds at an affordable interest rate. Our interest rates are competitive and ensure that businesses do not have to pay exorbitant amounts in interest, thus keeping their expenses in check.

The most significant advantage of an Oxyzo business loan is instant disbursement. Once the loan application is approved, the funds are disbursed immediately, helping businesses meet their working capital requirements without any delay.

If you are a business owner in Chhattisgarh looking for funds to grow your business, look no further than Oxyzo. We offer fast, easy, and affordable business loans tailored to your specific needs.

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.
NOTE: No processing fee is being charged by Oxyzo before the sanction of the loan. Any individual claiming otherwise must not be entertained.
Please report such activity on getsupport@oxyzo.in
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