Invoice Discounting in Bhubaneswar

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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

Bhubaneswar, the capital city of Odisha, is a rapidly growing commercial hub in Eastern India. The city is home to a wide range of businesses, from small startups to large enterprises, all of which require adequate working capital to thrive. This is where Oxyzo Invoice Discounting comes in, offering businesses the quick working capital they need to succeed.

Oxyzo Invoice Discounting is a leading financial services provider in Bhubaneswar that specializes in offering invoice discounting services to businesses. With a team of experienced professionals, Oxyzo Invoice Discounting provides businesses with the cash they need to meet their financial obligations without having to wait for their customers to pay their invoices.

One of the primary benefits of working with Oxyzo Invoice Discounting is the speed with which businesses can access working capital. Instead of waiting for weeks or even months for their invoices to be paid, businesses can receive cash within 24 hours of submitting their invoices to Oxyzo Invoice Discounting. This allows businesses to keep their operations running smoothly without having to worry about cash flow issues.

Another major advantage of working with Oxyzo Invoice Discounting is the minimal paperwork required. Traditional lending institutions often require extensive documentation and paperwork, which can be time-consuming and stressful for businesses. Oxyzo Invoice Discounting, on the other hand, simplifies the lending process, making it easy and hassle-free for businesses to access the cash they need.

Finally, Oxyzo Invoice Discounting offers revolving credit, which means businesses can access working capital on an ongoing basis. This is particularly beneficial for businesses with fluctuating cash flows or those that need to make unexpected purchases or investments.

In conclusion, Oxyzo Invoice Discounting is a leading financial services provider in Bhubaneswar that offers businesses quick and easy access to working capital. With minimal paperwork, fast funding, and revolving credit, businesses can rely on Oxyzo Invoice Discounting to keep their operations running smoothly and achieve their growth objectives.

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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