Business Loan in Nagpur

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RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

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

Business Loan Eligibility & Documents

Apply with minimal documentation

Eligibility

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Minimum turnover ₹3 crores
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Business vintage 3+ years

Required Documents

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KYC details
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Last 6 months of banking
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Financials for previous 2 fiscal years
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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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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 a Business Loan

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

Are you a business owner in Nagpur looking for quick and hassle-free access to funds? Look no further than Oxyzo Business Loan. With our collateral-free loans, low-interest rates, fully digitized process, flexible repayment options, and instant disbursement, we are committed to providing you with the financial support you need to grow your business.

About Nagpur:
Nagpur is one of the fastest-growing cities in Maharashtra, with a thriving industrial sector that includes textiles, engineering, and food processing. The city is home to a number of prominent educational and research institutions, making it a hub for innovation and entrepreneurship. With its central location, Nagpur is well-connected to major markets in India and offers a favorable business environment for small and medium-sized enterprises.

Benefits of Collateral-free loans:
Oxyzo Business Loan offers collateral-free loans, which means you do not have to provide any security or collateral to avail of the loan. This makes the loan application process faster and easier, as you do not have to go through the hassle of arranging for collateral. Additionally, the lack of collateral reduces the risk associated with the loan, which in turn results in lower interest rates.

Low-cost credit:
At Oxyzo Business Loan, we understand that every business has unique needs and requirements. That’s why we offer a range of loan products with flexible interest rates to suit your specific financial situation. Our competitive interest rates are designed to help you save money on your loan, leaving you with more funds to reinvest in your business.

100% digitized process:
We know that your time is valuable, which is why we have designed our loan application process to be completely digitized. This means that you can apply for a loan online from the comfort of your home or office, without having to visit our branch in person. Our secure and user-friendly platform ensures a hassle-free application process.

Flexible repayment options:
At Oxyzo Business Loan, we understand that your business may experience fluctuations in revenue, and that’s why we offer flexible repayment options. You can choose from a range of repayment tenures that best suits your business needs. Additionally, we offer the option to prepay your loan without any prepayment penalty, helping you save on interest charges.

Instant disbursement:
We understand that timely access to funds is crucial for business success. That’s why we have designed our loan disbursement process to be fast and efficient, with funds disbursed directly to your bank account within 24 hours of loan approval. With Oxyzo Business Loan, you can be assured of quick and hassle-free access to the funds you need to grow your business.

In conclusion, Oxyzo Business Loan in Nagpur is committed to providing you with a seamless and transparent loan application process, with flexible terms and low interest rates. With our collateral-free loans, 100% digitized process, flexible repayment options, and instant disbursement, we are here to help you achieve your business goals. Apply for an Oxyzo Business Loan today and take the first step towards financial stability and growth.

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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