Invoice Discounting in Amravati

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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

Oxyzo Invoice Discounting is a leading provider of working capital solutions in Amravati, one of the fastest-growing cities in India. The company has been serving businesses in the region for years, helping them meet their financial needs with ease and efficiency.

Amravati is a bustling city located in the state of Maharashtra, known for its vibrant culture and rich history. It is home to numerous small and medium-sized enterprises, many of which face challenges when it comes to managing their cash flow. This is where Oxyzo Invoice Discounting comes in, providing businesses with the quick access to the working capital they need to grow and thrive.

One of the key benefits of using Oxyzo’s invoice discounting services is the speed with which businesses can access the funds they need. Unlike traditional lenders, Oxyzo does not require extensive paperwork or a lengthy approval process. This means that businesses can get the cash they need within a matter of days, allowing them to take advantage of new opportunities and respond to unexpected challenges.

Another key benefit of working with Oxyzo is the flexibility of their revolving credit facility. With this option, businesses can draw down funds as and when they need them, paying interest only on the amount they use. This provides businesses with greater control over their finances, as they can borrow what they need, when they need it, without having to worry about making monthly repayments.

In addition to these benefits, Oxyzo’s invoice discounting services also help businesses to maintain healthy cash flow, improving their ability to manage day-to-day expenses and invest in growth opportunities. With Oxyzo, businesses can free up cash tied up in their outstanding invoices, putting it to work where it is needed most.

Overall, Oxyzo Invoice Discounting is a valuable partner for businesses in Amravati, providing them with the working capital they need to succeed in a competitive market. With quick access to funds, flexible credit options, and no paperwork to worry about, businesses can focus on what they do best – growing and expanding their operations.

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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