Invoice Discounting in Uttar 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

Uttar Pradesh, known as the heartland of India, is the largest state in the country with a population of over 200 million people. The state is home to several major cities, including Lucknow, Kanpur, Varanasi, and Agra. With its vast population and thriving business community, Uttar Pradesh is a hub of economic activity in India.

For businesses operating in Uttar Pradesh, access to working capital is critical for growth and success. That’s where Oxyzo Invoice Discounting comes in. Our innovative invoice discounting services are designed to provide businesses with quick and easy access to the working capital they need to thrive.

One of the main benefits of working with Oxyzo Invoice Discounting is the speed at which we can provide funding. Traditional methods of securing working capital, such as bank loans, can take weeks or even months to process. With Oxyzo, businesses can get funding in as little as 24 hours, allowing them to take advantage of new opportunities as they arise.

Another advantage of using Oxyzo Invoice Discounting is the lack of paperwork involved. We understand that paperwork can be a major hassle for businesses, and our streamlined application process ensures that our clients can access funding quickly and easily, without the need for excessive documentation.

Finally, our revolving credit facility allows businesses to access funding as needed, without the need to reapply for funding each time. This ensures that businesses have the flexibility to manage their cash flow effectively and respond quickly to changing market conditions.

At Oxyzo Invoice Discounting, we are committed to providing our clients with the support they need to grow and succeed. With our quick and easy invoice discounting services, businesses in Uttar Pradesh can access the working capital they need to take advantage of new opportunities and grow their businesses. Contact us today to learn more about our services and how we can help your business 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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