Invoice Discounting in West Bengal

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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

Oxyzo Invoice Discounting in West Bengal is a financial service provider that helps small and medium-sized enterprises (SMEs) access quick working capital by leveraging their unpaid invoices. The company offers a range of benefits to businesses in West Bengal, including no paperwork, revolving credit, and fast approval times.

West Bengal is a state in eastern India that is known for its rich cultural heritage and diverse economy. The state is home to a thriving SME sector that contributes significantly to its economic growth. However, many of these businesses struggle to access the funding they need to sustain and grow their operations.

This is where Oxyzo Invoice Discounting comes in. By providing access to quick working capital, the company enables businesses to meet their immediate cash flow needs without having to wait for their invoices to be paid. This, in turn, allows them to take advantage of growth opportunities and invest in their operations.

One of the key benefits of Oxyzo Invoice Discounting is that there is no paperwork involved. The entire process is done online, which makes it fast, easy, and convenient for businesses. This saves them valuable time and resources that can be better spent on growing their business.

Another benefit is that the credit line is revolving. This means that businesses can access funds as and when they need them, without having to reapply every time. This provides them with the flexibility and agility they need to respond to changing market conditions and seize new opportunities.

Finally, Oxyzo Invoice Discounting offers fast approval times. This means that businesses can access the funds they need quickly, allowing them to stay ahead of the competition and take advantage of time-sensitive opportunities.

In conclusion, Oxyzo Invoice Discounting in West Bengal is a valuable resource for SMEs looking to access quick working capital. By providing a range of benefits, including no paperwork, revolving credit, and fast approval times, the company helps businesses stay competitive and grow their operations.

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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