Invoice Discounting in Assam

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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

Assam is a land of diversity, culture, and economic growth. With a population of over 31 million, Assam has emerged as one of the fastest-growing states in India. Despite the state’s growth potential, small and medium-sized businesses in Assam often face challenges in accessing working capital to fuel their growth.

This is where Oxyzo Invoice Discounting comes in. Oxyzo is a leading invoice discounting platform in Assam that helps businesses overcome their working capital challenges. With Oxyzo, businesses can avail of quick working capital solutions with minimal paperwork and easy access to revolving credit.

One of the key benefits of Oxyzo’s invoice discounting solution is its speed. Unlike traditional lenders, Oxyzo provides quick access to working capital, often within 24 hours of application. This enables businesses to seize growth opportunities as they arise, without worrying about cash flow constraints.

Another advantage of Oxyzo’s solution is its simplicity. Traditional lenders often require extensive documentation, which can be time-consuming and daunting for small business owners. Oxyzo, on the other hand, requires minimal documentation, making the application process quick and hassle-free.

Finally, Oxyzo’s solution also provides access to revolving credit. This means that businesses can avail of working capital as and when they need it, without the need for multiple applications or approvals. This provides businesses with the flexibility to manage their cash flow and respond to changing business needs.

In conclusion, Oxyzo’s invoice discounting solution is an ideal solution for businesses in Assam that are looking to overcome their working capital challenges. With quick access to working capital, minimal paperwork, and revolving credit, businesses can focus on growth without worrying about cash flow constraints. Contact Oxyzo today to learn more about how their invoice discounting solution can help your business thrive.

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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