Invoice Discounting in Odisha

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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

Odisha is a state located in the eastern part of India, known for its rich cultural heritage, natural beauty, and industrial growth. It has a strong presence in sectors such as steel, aluminum, power, and textiles, which contribute significantly to the state’s economy. However, like any other state in India, small and medium enterprises in Odisha often face challenges in accessing working capital to sustain their operations and grow their businesses. This is where Oxyzo Invoice Discounting comes in as a reliable and efficient solution.

Oxyzo Invoice Discounting is a leading provider of invoice discounting services in Odisha that helps businesses access quick working capital by converting their unpaid invoices into immediate cash. This means that businesses can receive up to 90% of the invoice value within 24 hours of approval, providing much-needed liquidity to meet operational expenses and take advantage of growth opportunities.

One of the biggest advantages of Oxyzo Invoice Discounting is that it eliminates the need for traditional paperwork and cumbersome processes. This means that businesses can access funding quickly without having to go through the lengthy and complicated procedures associated with conventional loans. The entire process is completely digital, ensuring a fast and hassle-free experience.

Another key benefit of Oxyzo Invoice Discounting is that it offers revolving credit, which means that businesses can access funding as and when they need it. This makes it an ideal solution for businesses that have fluctuating cash flows or require funding for short-term projects. With Oxyzo Invoice Discounting, businesses can manage their cash flow more efficiently and take advantage of growth opportunities as they arise.

In conclusion, Oxyzo Invoice Discounting offers an efficient and effective solution for businesses in Odisha that need quick access to working capital. With its seamless digital processes, revolving credit, and fast approval times, Oxyzo Invoice Discounting is the perfect partner for businesses looking to grow and succeed in today’s fast-paced business environment.

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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