Business Loan in Karnataka

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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
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Enhanced Security Features

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Hassle-free Loan Applications

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Simplified Documentation Process

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Get Disbursals on the Fly

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Ledger on Your Fingertips

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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

Business Loan in Karnataka: Get Working Capital Loan

Karnataka’s dynamic and growing economy offers fertile ground for businesses, especially for those looking for a Business Loan in Karnataka. At Oxyzo Business Loans, we are dedicated to empowering these businesses, providing them with the financial tools they need to succeed.

We offer a wide range of loan amounts, starting from ₹5 lakh and going up to ₹2 crore, designed to cater to the diverse financial needs of businesses in Karnataka. Whether you’re a small startup or a well-established enterprise, our loan options are tailored to suit your unique financial requirements.

Our portfolio includes specialized msme loans tailored for the micro, small, and medium enterprises that are pivotal to Karnataka’s economic landscape. These loans are specifically designed to help these vital sectors overcome financial challenges and capitalize on growth opportunities.

We understand the importance of accessible and affordable financing, which is why our Business Loan in Karnataka comes with competitive interest rates starting from 12%. This ensures that businesses can pursue expansion and innovation without the burden of high costs.

For smaller ventures, our small business loans in Karnataka are an ideal solution. These loans are crafted with the unique needs of small-scale businesses in mind, providing them with the necessary support to thrive in a competitive environment.

At Oxyzo, we offer collateral-free loans, acknowledging the difficulties often faced in securing traditional funding. This approach simplifies the process of obtaining finance, enabling business owners to focus on growth without the need for extensive collateral.

As a reliable partner for SMEs in Karnataka, Oxyzo working capital finance offers flexible and adaptive financial solutions. Whether you are just starting or looking to expand, our loan structures are designed to align with your specific financial objectives.

With Oxyzo Business Loans, embarking on your business journey in Karnataka becomes a more accessible and empowering experience. For those ready to apply for a business loan in Karnataka, we provide a streamlined, efficient process that meets your business needs. Explore our diverse range of loan options today and take a significant step towards achieving your business goals 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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