Invoice Discounting in Ahmedabad

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How does Invoice Discounting Work?

Invoice Discounting Benefits

Interest as per usage

Interest as per usage

The interest would be charged only for the exact amount and duration of use

Quick working capital

Quick working capital

Get business working capital against unpaid invoices within 2 days

Improve receivables cycle

Improve receivables cycle

Accelerate your cashflows and run your business seamlessly

No paperwork

No paperwork

Complete the entire process online to avail bill discounting facility

Revolving credit

Revolving credit

Get 60-120 days to rotate the limit and reduce the working capital gap

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

Competitive rate of interest

Competitive rate of interest

No part-payment charges

No part-payment charges

100% digitized application process

100% digitized application process

No foreclosure charges

No foreclosure charges

Nominal processing fee

Nominal processing fee

No minimum utilization charges

No minimum utilization charges

Approval within 48 hours

Approval within 48 hours

Easy Repayments

Easy Repayments

Get Working capital with Invoice Discounting

Ahmedabad, one of the fastest-growing cities in India, is known for its vibrant culture and booming industries. From textiles to pharmaceuticals, Ahmedabad has emerged as a hub for various businesses. The city’s economic growth has attracted many companies to set up their businesses here. Oxyzo, a leading invoice discounting company in Ahmedabad, offers quick working capital to businesses, which is beneficial for the city’s fast-paced environment.

Oxyzo’s invoice discounting services offer a quick and hassle-free way to access working capital. With the increasing demand for cash flow, businesses often struggle to get the funds they need. Oxyzo’s quick working capital service can provide companies with immediate access to funds that are required to keep their businesses running.

One of the primary benefits of Oxyzo’s invoice discounting services is that it involves no paperwork. Businesses no longer have to deal with the stress of lengthy loan application processes. The entire process is streamlined and automated, making it easier for businesses to manage their finances. Oxyzo’s digital platform allows businesses to upload their invoices and get instant access to working capital. This means that businesses can avoid the lengthy and time-consuming processes involved in traditional banking systems.

Oxyzo’s revolving credit is another benefit for businesses in Ahmedabad. Revolving credit is a line of credit that businesses can use whenever they need it. Unlike traditional loans, revolving credit allows businesses to borrow and repay money as needed. This means that businesses can access funds when they need them, without having to go through the entire loan application process repeatedly.

In conclusion, Oxyzo’s invoice discounting services in Ahmedabad offer several benefits to businesses, including quick working capital, no paperwork, and revolving credit. With the city’s growing industries and fast-paced environment, businesses need quick access to funds to keep up with the competition. Oxyzo’s digital platform provides a quick, efficient, and hassle-free way for businesses to manage their finances and keep their operations running smoothly.

Frequently Asked Questions

What does invoice discounting mean ?
Invoice discounting or bill discounting is a receivables financing wherein you sell your unpaid invoices to a lender for immediate cash to strengthen your working capital cycles.
What are the advantages of invoice discounting ?
With invoice discounting, one can get paid against unpaid invoices and fulfill their working capital finance needs. There is no collateral required.
What is an escrow account ?
Escrow account is an arrangement in which escrow amount is held by the third party,usually a lender, on behalf of the buyer and seller that are in the process of completing a transaction. It facilitates secure and safe transactions as the third party has the first right of withdrawal in case of default.
What is the eligibility for invoice discounting ?
The eligibility for invoice discounting 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 online invoice discounting.
What is the maximum limit offered by Oxyzo for invoice discounting ?
It 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 proportion of the invoice value.

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