Invoice Discounting in Davanagere

RBI Registered

RBI Registered

How does Invoice Discounting Work?

How does Invoice Discounting
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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
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
GSTR details for current fiscal year

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

Davanagere is a city located in the southern part of the Indian state of Karnataka. It is a major commercial and industrial center, known for its cotton mills, textile factories, and steel plants. The city has a thriving business community, with many small and medium-sized enterprises operating in various sectors. Oxyzo Invoice Discounting is a leading financial services provider in Davanagere that offers quick working capital solutions to businesses of all sizes.

With Oxyzo Invoice Discounting, businesses in Davanagere can access quick working capital without any hassle. The process is simple and efficient, ensuring that businesses can focus on their core operations without worrying about their cash flow. Unlike traditional lending institutions, Oxyzo Invoice Discounting does not require any paperwork or collateral, making it easier for businesses to access the funds they need.

One of the key benefits of using Oxyzo Invoice Discounting is the revolving credit facility. This means that businesses can access funds whenever they need them, without having to reapply for a loan every time. The credit limit is based on the value of the invoices, which means that businesses can access higher amounts as they grow and expand.

In addition to quick working capital and revolving credit, Oxyzo Invoice Discounting offers a range of other benefits to businesses in Davanagere. These include flexible repayment options, competitive interest rates, and personalized service. The team at Oxyzo Invoice Discounting works closely with each client to understand their unique needs and tailor solutions that meet their specific requirements.

Whether you are a small business owner looking to expand your operations or a large enterprise looking to optimize your cash flow, Oxyzo Invoice Discounting can help. With its quick and efficient working capital solutions, businesses in Davanagere can unlock their full potential and achieve their goals. So why wait? Contact Oxyzo Invoice Discounting today and take your business to the next level!

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.
NOTE: No processing fee is being charged by Oxyzo before the sanction of the loan. Any individual claiming otherwise must not be entertained.
Please report such activity on getsupport@oxyzo.in
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