Chat with UsCollateral-free
Unsecured business loans do not require land, property, bank guarantee or any other business collateral
How does Business Loan Work?
Business Loan Benefits
Low cost credit
The interest rate charged on a business loan is relatively lower than that of loan
100% digitized process
The online business loan process is fast and hassle-free
Flexible repayment options
A business loan can be repaid with flexible EMI options
Instant disbursement
Get loan disbursement within 24-48 hours of the amount being sanctioned
Eligibility & Required Documents
Apply with minimal documentation
Eligibility
Minimum turnover ₹3 crores
Business vintage 3+ years
Required Documents
KYC details
Last 6 months
Financials for previous 2 fiscal years
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
Minimum Paperwork
Attractive interest rate
Flexible repayment tenure
Approval within 48 hours
Nominal processing-fee
Easy EMI options
Get Working capital with Business Loan
Coimbatore is a city in Tamil Nadu that is renowned for its manufacturing and engineering industries. The city has a growing start-up ecosystem and is a hub for small and medium enterprises. With the growing competition in the market, every business requires financial assistance to grow and stay competitive. Oxyzo understands the financial requirements of businesses in Coimbatore and offers business loans to help them thrive.
One of the significant advantages of choosing Oxyzo Business Loan in Coimbatore is that it is collateral-free. This means businesses can avail of the loan without any security or guarantee. This allows companies to receive the necessary funds without risking any assets or property.
Another benefit of choosing Oxyzo is the low-cost credit. Businesses can avail of the loan at an affordable interest rate, which makes it easier to manage repayments. Moreover, the application process is 100% digitized, which saves businesses the hassle of visiting the bank to apply for the loan. The process is quick, and businesses can apply for the loan from the comfort of their home or office.
Flexible repayment options are yet another advantage of choosing Oxyzo Business Loan in Coimbatore. The repayment period ranges from 12 to 36 months, which allows businesses to choose the most convenient option. Moreover, the loan amount ranges from Rs. 50,000 to Rs. 50 Lakhs, making it suitable for businesses of all sizes.
Oxyzo Business Loan in Coimbatore also offers instant disbursement of funds. Once the loan application is approved, businesses can receive the loan amount within 72 hours. This makes it easier for businesses to address their financial needs quickly and without any hassle.
In conclusion, Oxyzo Business Loan in Coimbatore offers several benefits to businesses, including collateral-free loans, low-cost credit, a 100% digitized process, flexible repayment options, and instant disbursement. With these features, businesses in Coimbatore can access the necessary funds to grow and succee
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.
Other Lending Products
Purchase
Finance
Procure raw materials at the right price
View More
Work Order
Finance
Now execute your tenders with ease
View More
Invoice
Discounting
Unlock your capital instantly
View More
Vendor
Finance
Strengthen your supply chain with vendors
View More
Dropline
Overdraft
Fulfill your short-term finance needs
View More
