Invoice Discounting in Haryana

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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 is a leading financial institution that provides quick working capital solutions to businesses in Haryana. Haryana is a state in northern India and is known for its agricultural and industrial sectors. With a population of over 28 million, Haryana has a thriving business community that requires constant access to working capital to grow and expand.

One of the main benefits of Oxyzo Invoice Discounting in Haryana is quick access to working capital. This is particularly important for businesses that require a steady cash flow to keep operations running smoothly. With Oxyzo, businesses can receive the funding they need in as little as 24 hours, which can be a lifesaver in times of urgent need.

Another major benefit of Oxyzo Invoice Discounting is the lack of paperwork involved. Traditional lending institutions often require extensive documentation and lengthy approval processes, which can be time-consuming and cumbersome for businesses. With Oxyzo, the entire process is streamlined and efficient, allowing businesses to focus on what they do best – growing their operations.

Finally, Oxyzo Invoice Discounting offers revolving credit, which is a type of credit that allows businesses to borrow and repay funds as needed. This can be a huge advantage for businesses that experience fluctuating cash flows, as it provides them with the flexibility to manage their finances more effectively.

Overall, Oxyzo Invoice Discounting is an excellent option for businesses in Haryana that need quick access to working capital without the hassle of traditional lending institutions. With its streamlined process, lack of paperwork, and revolving credit options, Oxyzo can help businesses grow and expand their operations in a way that is both efficient and effective.

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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