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
Karnataka is a fast-growing state in South India with a thriving startup and small business scene. From the bustling city of Bangalore to the picturesque hills of Coorg, there are many opportunities for entrepreneurs to grow and thrive in Karnataka. However, funding remains a challenge for many small businesses and startups in the state. This is where Oxyzo Business Loans come in.
With a collateral-free and low-cost credit option, Oxyzo Business Loans provide an excellent funding solution for entrepreneurs looking to start or grow their business in Karnataka. The 100% digitized process makes applying for a loan quick and easy, and the flexible repayment options ensure that entrepreneurs can repay the loan on their terms. The best part? Oxyzo Business Loans offer instant disbursement, so entrepreneurs can access the funds they need in no time.
Whether you’re a small business owner in Mysore or a startup founder in Mangalore, Oxyzo Business Loans can provide the funding you need to take your business to the next level. From hiring employees to expanding your product line, the possibilities are endless with Oxyzo Business Loans.
With a wide range of loan options and a team of experts ready to help you every step of the way, Oxyzo Business Loans is the perfect partner for your business funding needs. Don’t let funding hold you back – apply for an Oxyzo Business Loan today and take your business to new heights in Karnataka
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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