Business Loan in Davanagere

RBI Registered

RBI Registered NBFC

Download our App!
+91

Available on

Download AppDownload App
Download App

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
Our New App is Live!
Fuel Your Business Dreams with OXYZO
+91
Scan to get App
title
title
title

Enhanced Security Features

title

Hassle-free Loan Applications

title

Simplified Documentation Process

title

Get Disbursals on the Fly

title

Ledger on Your Fingertips

title

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

Davanagere is a city in the Indian state of Karnataka that has a thriving business community. It is known for its textile industry, as well as other sectors such as agriculture, education, and healthcare. If you are a business owner in Davanagere looking for financial support, Oxyzo offers business loans that can help you grow your business and achieve your goals.

One of the key benefits of an Oxyzo business loan in Davanagere is that it is collateral-free, meaning you do not need to pledge any assets to secure the loan. This makes the process of getting a loan much easier and quicker. Additionally, our loans come at a low cost, so you can access the capital you need without paying excessive interest rates.

Our 100% digitized loan process ensures that you do not have to go through the hassle of long queues and endless paperwork. You can apply for a loan from the comfort of your own home or office, making the process faster and more convenient.

At Oxyzo, we offer flexible repayment options so you can choose a repayment plan that suits your business needs. This ensures that you are not burdened by heavy loan repayments and that you can focus on growing your business instead. Our instant disbursement process ensures that you receive the loan amount in your bank account as soon as possible, so you can start investing in your business right away.

If you are a business owner in Davanagere looking for a reliable and trustworthy source of funding, look no further than Oxyzo. Our business loans can help you achieve your business goals and grow your enterprise. Apply now and take your business to new heights.

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.

Ask Queries, learn about products and much more

WhatsApp Us