Invoice Discounting in Gulbarga

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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

Oxyzo Invoice Discounting in Gulbarga – Empowering Businesses with Quick Working Capital

Gulbarga, a city located in the northern part of Karnataka, India, is known for its rich cultural heritage and historical significance. The city is an important hub for trade and commerce, with many small and large businesses operating in the area. However, many of these businesses struggle with working capital issues that hinder their growth and expansion. This is where Oxyzo Invoice Discounting in Gulbarga comes to the rescue, providing businesses with quick access to working capital to help them grow and thrive.

Benefits of Quick Working Capital

The primary benefit of Oxyzo Invoice Discounting in Gulbarga is quick and easy access to working capital. With this facility, businesses can raise funds against their unpaid invoices, enabling them to access the capital they need to fund their operations and growth. This is especially useful for small and medium-sized businesses that may not have access to traditional funding sources such as bank loans.

No Paperwork

Another significant advantage of Oxyzo Invoice Discounting in Gulbarga is the lack of paperwork involved. Traditional bank loans can be a bureaucratic nightmare, with endless forms to fill out, long waiting times, and numerous documents required. With Oxyzo Invoice Discounting, businesses can avoid all the red tape and get their funds quickly without the hassle.

Revolving Credit

Oxyzo Invoice Discounting in Gulbarga also offers revolving credit, enabling businesses to borrow and repay funds as needed. This flexibility is especially useful for businesses that experience seasonal fluctuations in cash flow or need to invest in new opportunities quickly.

Conclusion

Oxyzo Invoice Discounting in Gulbarga provides businesses with a much-needed solution for working capital issues. With quick access to funds, no paperwork, and revolving credit, businesses can take advantage of growth opportunities and thrive in the competitive business landscape of Gulbarga. Whether you are a small or large business in Gulbarga, Oxyzo Invoice Discounting can provide you with the financial support you need to succeed.

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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