Invoice Discounting in Dindigul

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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

Invoice Discounting Eligibility & 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 a Invoice Discounting

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

Dindigul, located in the southern part of India, is a bustling industrial town that is home to numerous small and medium-sized businesses. These businesses often struggle with cash flow problems and have trouble accessing working capital when they need it the most. This is where Oxyzo Invoice Discounting comes in, providing businesses with quick and easy access to the funds they need to keep their operations running smoothly.

Oxyzo Invoice Discounting is a financial service provider that specializes in invoice discounting, a process in which businesses sell their unpaid invoices to a lender in exchange for immediate cash. This helps businesses to access working capital without having to wait for their customers to pay their bills.

One of the biggest advantages of using Oxyzo Invoice Discounting is the speed at which businesses can access funds. Traditional financing methods often take weeks or even months to process, but Oxyzo can provide funds within a matter of days. This is particularly useful for businesses that need quick access to funds in order to take advantage of new business opportunities or to cover unexpected expenses.

Another major benefit of Oxyzo Invoice Discounting is the minimal paperwork required. Traditional financing methods often require extensive documentation and lengthy application processes, but Oxyzo’s invoice discounting service can be completed with just a few simple steps. This makes the process much easier and less time-consuming for businesses, allowing them to focus on their core operations instead of paperwork.

Additionally, Oxyzo’s invoice discounting service offers revolving credit, which means that businesses can access funds on an ongoing basis as needed. This can be particularly useful for businesses that experience seasonal fluctuations in cash flow or for those that need to make regular investments in order to grow their operations.

Overall, Oxyzo Invoice Discounting is an excellent option for businesses in Dindigul that need quick access to working capital without the hassle of traditional financing methods. With minimal paperwork and fast access to funds, businesses can focus on what they do best – growing and expanding their operations.

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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