Invoice Discounting in Bhilai

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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: The Best Way to Get Quick Working Capital for Businesses in Bhilai

Bhilai is a rapidly developing city in the state of Chhattisgarh, India. It is home to a wide range of businesses, from small start-ups to large manufacturing companies. Regardless of their size, every business requires working capital to operate and grow. This is where Oxyzo Invoice Discounting comes into the picture.

Oxyzo Invoice Discounting is a fintech company that offers invoice discounting services to businesses in Bhilai. Invoice discounting is a financing method where businesses sell their outstanding invoices to a third-party company in exchange for immediate cash. This is an excellent option for businesses that need quick working capital and don’t want to go through the hassle of traditional lending institutions. Here are some of the benefits of using Oxyzo Invoice Discounting:

Quick Working Capital: The most significant advantage of using Oxyzo Invoice Discounting is the speed at which businesses can access funds. In many cases, businesses can receive the funds they need within 24 hours of submitting their invoices. This can be a game-changer for businesses that need to pay their suppliers or cover other expenses quickly.

No Paperwork: Another advantage of using Oxyzo Invoice Discounting is the minimal paperwork required. Traditional lending institutions often require extensive documentation, which can be time-consuming and burdensome for businesses. With Oxyzo Invoice Discounting, businesses can complete the entire process online, eliminating the need for physical paperwork.

Revolving Credit: Finally, Oxyzo Invoice Discounting offers a revolving credit facility, which means that businesses can access funds on an ongoing basis as they generate new invoices. This can provide a valuable source of working capital for businesses, enabling them to grow and expand their operations.

In conclusion, Oxyzo Invoice Discounting is the best way for businesses in Bhilai to get quick working capital. With its speedy funding process, minimal paperwork requirements, and revolving credit facility, Oxyzo Invoice Discounting can help businesses overcome their cash flow challenges and achieve their growth objectives. If you’re a business in Bhilai looking for a reliable financing partner, look no further than Oxyzo Invoice Discounting.

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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