Invoice Discounting in Karnataka

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

Karnataka, a state located in the southwestern region of India, is known for its diverse economy and thriving businesses. From tech startups to traditional industries, Karnataka offers a plethora of opportunities for entrepreneurs and business owners to grow and succeed. However, as with any business, cash flow can often be a challenge. This is where Oxyzo Invoice Discounting comes in – providing quick working capital solutions to businesses in Karnataka.

With Oxyzo Invoice Discounting, businesses in Karnataka can benefit from fast and hassle-free access to funds, without the need for lengthy paperwork or credit checks. This can be particularly helpful for businesses that experience fluctuations in cash flow or need to make investments in their operations.

One of the key benefits of Oxyzo’s invoice discounting service is its revolving credit feature. This allows businesses to access funds whenever they need them, based on their outstanding invoices. This means that businesses can have a steady stream of cash flow without having to worry about waiting for payment from their clients.

Furthermore, Oxyzo’s invoice discounting service is a great alternative to traditional loans or credit lines. Rather than taking on debt, businesses can simply use their outstanding invoices as collateral to access funds. This not only reduces the burden of debt repayment, but also allows businesses to maintain their financial independence and flexibility.

Overall, Oxyzo Invoice Discounting offers a great solution for businesses in Karnataka looking to access quick and easy working capital. With no paperwork, revolving credit, and fast access to funds, businesses can focus on growing and succeeding without worrying about cash flow challenges.

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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