Invoice Discounting in Goa

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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 in Goa: Providing Quick Working Capital, No Paperwork, and Revolving Credit

Goa, located on the west coast of India, is a popular tourist destination known for its scenic beaches, colonial architecture, and vibrant culture. But did you know that Goa is also a thriving hub for businesses of all sizes, with a wide range of industries from tourism to manufacturing?

One of the biggest challenges that businesses in Goa face are managing their cash flow. This is where Oxyzo Invoice Discounting comes in, offering quick and hassle-free access to working capital through invoice financing. Let’s take a closer look at how Oxyzo’s services can benefit businesses in Goa.

Quick Working Capital

In today’s fast-paced business environment, having access to quick working capital is crucial. Oxyzo’s invoice discounting services provide businesses with immediate funds by leveraging their outstanding invoices. This means that businesses don’t have to wait for their customers to pay their bills to get the funds they need. With Oxyzo, businesses in Goa can access working capital in as little as 24 hours, allowing them to seize new opportunities and grow their operations.

No Paperwork

Traditional financing methods can be time-consuming and require extensive paperwork. But with Oxyzo’s invoice discounting services, there is no need for complex documentation. The process is simple and straightforward, with minimum paperwork required. This saves time and effort for businesses, allowing them to focus on their core operations rather than administrative tasks.

Revolving Credit

One of the major benefits of Oxyzo’s invoice discounting services is that they offer revolving credit. This means that businesses can access funding on an ongoing basis, based on their outstanding invoices. As businesses continue to grow and generate invoices, they can access additional working capital from Oxyzo. This provides a consistent source of funding for businesses in Goa, allowing them to maintain their operations and invest in growth opportunities.

In conclusion, Oxyzo Invoice Discounting provides quick, hassle-free access to working capital for businesses in Goa. By leveraging outstanding invoices, businesses can access funds in as little as 24 hours, without the need for extensive paperwork. The revolving credit facility allows businesses to access funding on an ongoing basis, providing a consistent source of working capital to support growth and expansion.

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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