Collateral-free
Unsecured business loans do not require land, property, bank guarantee or any other business collateral
Business Loan in Darbhanga
RBI Registered NBFC
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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
Business Loan Eligibility & Documents
Apply with minimal documentation
Eligibility
Minimum turnover ₹3 crores
Business vintage 3+ years
Required Documents
KYC details
Last 6 months of banking
Financials for previous 2 fiscal years
GSTR details for current fiscal year
Business Loan Interest Rates, Fees & Charges
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
Hassle-free Loan Applications
Simplified Documentation Process
Get Disbursals on the Fly
Ledger on Your Fingertips
Enhanced Security Features
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
Are you a business owner in Darbhanga looking for a loan? Look no further than Oxyzo Business Loan. With our collateral-free loans, low-interest rates, 100% digital application process, flexible repayment options, and instant disbursement, we make it easy for you to access the funds you need to take your business to the next level.
About Darbhanga:
Darbhanga is a city in the state of Bihar and is the second largest city in the Mithila region. It is known for its rich cultural heritage, especially its folk arts and crafts. The city is also an important commercial and industrial center, with a number of businesses operating in sectors such as agriculture, textiles, and manufacturing.
Benefits of Oxyzo Business Loan:
Collateral-Free: With Oxyzo Business Loan, you don’t need to put up any collateral to secure your loan. This means you can get the funds you need without having to risk your personal or business assets.
Low-Cost Credit: We offer competitive interest rates to ensure that your loan is affordable and easy to repay. Our loans are designed to help you grow your business without putting undue strain on your finances.
100% Digitized Process: Our loan application process is fully online, making it easy and convenient for you to apply from the comfort of your home or office. You don’t need to visit a bank or fill out lengthy forms – just submit your application online and we’ll take care of the rest.
Flexible Repayment Options: We offer a range of repayment options to suit your needs and preferences. You can choose to repay your loan in monthly installments or opt for a bullet repayment at the end of the loan term.
Instant Disbursement: Once your loan is approved, we’ll disburse the funds to your account instantly. This means you can access the funds you need to grow your business without delay.
In conclusion, if you’re a business owner in Darbhanga, Oxyzo Business Loan is the perfect solution for your financing needs. Our loan products are tailored to meet the needs of businesses of all sizes and sectors, and our customer service team is always on hand to help you every step of the way. Apply for a loan today and take the first step towards achieving your business goals.
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.
What is a safe credit score limit to secure business loans ?
It will vary from one lender to another & based on the credit authority they are using, but it is safe to maintain a credit score above 700. The higher or better your credit score, the more favourable it is for you to secure the loan.
Can startups and small businesses secure business loans ?
Yes. They can. There are specific types of business loans specially tailored for startups and SMEs to help them grow and compete with legacy players.
How long does it take for business loans to be approved ?
This varies from lender to lender, but platforms like Oxyzo that use a digitalised process instantly approve your loan and disburse the funds.
What are the consequences of default repayment ?
It is highly inadvisable to do so as it can affect your credit score drastically, preventing you from securing future loans.
What happens when a business loan is prepaid ?
You can pay your loan back before the repayment schedule, but a nominal prepayment charge will be imposed on you.
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