Invoice Discounting in Anantapur

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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

Welcome to Oxyzo Invoice Discounting in Anantapur! We are excited to introduce you to our invoice financing services that can help your business unlock its potential. Oxyzo provides a fast, hassle-free and flexible way to access working capital, with no paperwork required. Here are some of the benefits of working with Oxyzo:

About Anantapur:

Anantapur is a city located in the southwestern part of the state of Andhra Pradesh, India. The city is known for its historical and cultural significance, as well as for its thriving industries. Anantapur is a hub for textile and cement industries and is home to many small and medium-sized enterprises that contribute to the city’s economy.

Benefits of Quick Working Capital:

At Oxyzo, we understand that access to quick working capital is crucial for businesses to grow and succeed. Our invoice discounting services provide a fast and efficient way to raise funds, enabling you to take advantage of new business opportunities, expand operations, or manage cash flow during seasonal fluctuations. With Oxyzo, you can get quick access to funds by simply selling your unpaid invoices to us at a discount, without waiting for customers to pay their invoices.

No Paperwork:

We know that paperwork can be a hassle for businesses, especially when you need access to funds quickly. That’s why we have made our invoice discounting services completely paperless. You can upload your invoices online and get approval within hours, without the need for any physical paperwork. This can help you save time, reduce errors, and focus on your business operations.

Revolving Credit:

Oxyzo’s invoice discounting services also offer a revolving line of credit, which means you can access funds whenever you need them. As you sell more invoices, your credit limit increases, giving you the flexibility to manage cash flow and meet business needs. This revolving credit can help you avoid the stress of traditional loan repayment schedules, giving you the freedom to focus on growing your business.

In conclusion, Oxyzo Invoice Discounting in Anantapur is the perfect solution for businesses looking for fast and flexible working capital. With our easy online application process, paperless transactions, and revolving credit facility, you can get the funds you need to grow your business without any hassle. Contact us today to learn more about how we can help you achieve your business goals.

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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