Invoice Discounting in Madhya Pradesh

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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

Madhya Pradesh is a central Indian state known for its diverse landscapes, rich history, and cultural heritage. With a population of over 75 million, Madhya Pradesh is the second-largest state in India by area and fifth-largest by population. The state is home to several important historical landmarks, including the UNESCO World Heritage sites of Khajuraho, Sanchi, and Bhimbetka. The state is also known for its wildlife, with several national parks and sanctuaries located within its boundaries, including Bandhavgarh National Park, Kanha National Park, and Pench Tiger Reserve.

Oxyzo Invoice Discounting in Madhya Pradesh:

Oxyzo is a leading invoice discounting company operating in Madhya Pradesh, providing businesses with quick and easy access to working capital. Invoice discounting is a financing solution that allows businesses to access the cash tied up in their outstanding invoices. Oxyzo provides invoice discounting services to businesses of all sizes in Madhya Pradesh, helping them to improve their cash flow and grow their business.

Benefits of Quick Working Capital:

One of the primary benefits of invoice discounting is quick access to working capital. Businesses can receive funding within days, rather than waiting for several weeks or even months for their customers to pay their outstanding invoices. This can be particularly helpful for businesses that have seasonal cash flow fluctuations or need to make urgent payments.

No Paperwork:

Unlike traditional lending options, invoice discounting with Oxyzo requires minimal paperwork. This means that businesses can get the funding they need without having to spend hours filling out paperwork or providing extensive documentation. The application process is simple and straightforward, making it easy for businesses to access the funding they need when they need it.

Revolving Credit:

Another advantage of invoice discounting with Oxyzo is the revolving credit facility. This means that businesses can access funding on an ongoing basis, as long as they have outstanding invoices to discount. This can help businesses to maintain a steady cash flow and manage their finances more effectively.

In conclusion, Oxyzo Invoice Discounting in Madhya Pradesh is an excellent option for businesses looking to improve their cash flow and access quick and easy working capital. With minimal paperwork, revolving credit, and the ability to access funding within days, businesses can rely on Oxyzo to help them grow and thrive.

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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