Business Loan in Tamil Nadu

RBI Registered

RBI Registered

How does Business Loan Work?

How does Business Loan
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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
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
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

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

Tamil Nadu, located on the southern tip of India, is known for its diverse culture, rich history, and a strong economy. With a population of over 72 million, Tamil Nadu has become a hub for various industries, including textiles, automobiles, and agriculture. If you are looking for financial assistance to grow your business in Tamil Nadu, Oxyzo’s Business Loan can help you achieve your goals.

One of the key benefits of the Oxyzo Business Loan is that it is collateral-free. This means that you don’t need to put up any assets as security to get the loan. Instead, you can focus on expanding your business without worrying about the risks associated with collateral-based loans.

In addition, Oxyzo’s low-cost credit options make it easier for you to manage your finances. You can take advantage of competitive interest rates and other benefits to get the funds you need to grow your business without breaking the bank.

The loan application process is 100% digitized, which means you can apply for the loan from the comfort of your own home. With a simple and easy-to-use interface, you can submit all the required documents online and get an instant decision on your application.

Oxyzo Business Loan also offers flexible repayment options to help you manage your cash flow effectively. You can choose a repayment schedule that suits your business needs and make prepayments without any additional charges.

Finally, Oxyzo’s instant disbursement feature means you can get the loan amount disbursed to your account within a few hours of approval. This ensures that you can quickly put the funds to use and achieve your business goals without any delays.

Whether you are looking to expand your business, purchase new equipment, or invest in marketing, Oxyzo Business Loan can help you achieve your goals in Tamil Nadu. With its collateral-free, low-cost credit, digitized process, flexible repayment options, and instant disbursement, Oxyzo is the perfect financial partner for your business.

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.
NOTE: No processing fee is being charged by Oxyzo before the sanction of the loan. Any individual claiming otherwise must not be entertained.
Please report such activity on getsupport@oxyzo.in
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