Invoice Discounting in Chhattisgarh

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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 is a financial service that offers quick working capital to businesses in Chhattisgarh. If you’re a business owner in this state, you know that the market is highly competitive and constantly evolving. To stay ahead of the game, you need to be able to adapt quickly to changing circumstances and seize opportunities as they arise. That’s where Oxyzo Invoice Discounting can help.

Chhattisgarh is a state located in central India, bordered by Maharashtra, Madhya Pradesh, Uttar Pradesh, Jharkhand, and Odisha. The state is known for its rich cultural heritage, diverse wildlife, and abundant natural resources. Its economy is driven by agriculture, mining, and manufacturing industries. With a population of over 25 million people, Chhattisgarh has a vibrant and growing business community.

One of the biggest advantages of using Oxyzo Invoice Discounting is that it offers quick working capital to businesses in Chhattisgarh. This means that you can get the funds you need to keep your business running smoothly without having to wait for weeks or months. Oxyzo Invoice Discounting provides a streamlined process that eliminates the need for extensive paperwork and allows you to access funds quickly and easily.

Another benefit of Oxyzo Invoice Discounting is that it offers revolving credit. This means that you can access a line of credit that you can draw on as needed. This can be especially helpful if your business has fluctuating cash flow or if you need to make unexpected purchases or investments. With revolving credit, you have the flexibility to access funds when you need them and pay them back on a schedule that works for you.

In summary, Oxyzo Invoice Discounting is a valuable resource for businesses in Chhattisgarh. With its quick working capital, no paperwork, and revolving credit, it can help your business stay competitive and adaptable in a fast-paced market. Contact Oxyzo Invoice Discounting today to learn more about how it 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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