Invoice Discounting in Nagpur

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

Nagpur, the Orange City of India, is known for its rich history and diverse culture. With the city’s recent growth in industries such as IT, manufacturing, and logistics, Nagpur has become a hub for businesses of all sizes. In this fast-paced environment, companies need quick access to working capital to keep their businesses running. Oxyzo, a leading invoice discounting company in Nagpur, offers various benefits, including quick working capital, no paperwork, and revolving credit.

One of the primary benefits of Oxyzo’s invoice discounting services is quick working capital. Businesses in Nagpur can use Oxyzo’s digital platform to upload their invoices and get immediate access to the working capital they need. With Oxyzo, businesses don’t have to wait for lengthy loan approval processes or worry about cash flow. Oxyzo’s invoice discounting services can help businesses stay afloat in this fast-paced environment.

Oxyzo’s invoice discounting services in Nagpur also offer the benefit of no paperwork. Traditional loan applications can be lengthy and stressful for businesses, but with Oxyzo’s digital platform, businesses can avoid the hassle of paperwork. By uploading their invoices, businesses can get the funds they need without any complicated paperwork involved.

Revolving credit is another benefit that Oxyzo offers to businesses in Nagpur. With revolving credit, businesses can access a line of credit whenever they need it. Unlike traditional loans, businesses can borrow and repay money as needed. This allows businesses to have quick access to funds when they need them, without having to go through the entire loan application process repeatedly.

In conclusion, Oxyzo’s invoice discounting services in Nagpur offer several benefits to businesses, including quick working capital, no paperwork, and revolving credit. With the city’s growth in industries and the fast-paced environment, businesses need quick access to funds to stay competitive. Oxyzo’s digital platform provides a quick, efficient, and hassle-free way for businesses to manage their finances and keep their operations running smoothly.

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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