Invoice Discounting in Amritsar

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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

Amritsar, a city in the northwestern state of Punjab, is known for its rich history, vibrant culture, and mouth-watering cuisine. From the iconic Golden Temple to the Jallianwala Bagh Memorial, Amritsar has a lot to offer to tourists and locals alike. In recent years, the city has also emerged as a hub for small and medium-sized businesses, thanks to its strategic location and business-friendly environment.

If you’re a business owner in Amritsar, you know how important it is to have access to quick working capital to keep your operations running smoothly. That’s where Oxyzo Invoice Discounting comes in. Our innovative invoice discounting solutions are designed to help businesses of all sizes access the capital they need to grow and succeed.

One of the main benefits of using Oxyzo Invoice Discounting is the speed with which you can access your funds. Unlike traditional lenders, we don’t require you to fill out mountains of paperwork or jump through endless hoops. Instead, we use cutting-edge technology to process your invoices quickly and efficiently, giving you the cash you need in a matter of days, not weeks.

Another key advantage of working with Oxyzo is the flexibility of our revolving credit facility. With this option, you can access funds whenever you need them, without having to go through the hassle of applying for a new loan each time. This can be especially helpful for businesses that experience fluctuations in their cash flow throughout the year.

At Oxyzo, we understand the unique challenges that businesses in Amritsar face, and we’re committed to helping you overcome them. Our team of experts is here to provide personalized support and guidance every step of the way, so you can focus on what you do best – running and growing your business.

In summary, Oxyzo Invoice Discounting is an excellent option for businesses in Amritsar looking to access quick working capital without the headache of traditional lending. With no paperwork, revolving credit, and expert support, Oxyzo makes it easy to get the funding you need to take your business to the next level. Contact us today to learn more about our innovative solutions and how they can benefit your business.

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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