Machinery Finance in Asansol

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RBI Registered NBFC

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How does Machinery Finance Work?

Machinery Finance Benefits

Better Profitability

Better Profitability

Businesses can increase their production capacity and book higher profits

Instant disbursement

Instant disbursement

Get loan disbursement within 24-48 hours of the amount being sanctioned

100% digitized process

100% digitized process

The online machinery loan process is fast and hassle-free

Flexible repayment options

Flexible repayment options

A machinery loan can be repaid with flexible EMI options

Low-cost credit

Low-cost credit

Machinery loan interest rates are relatively lower than other financing products

Machinery Finance Eligibility & 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 a Machinery Finance

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

Quick hypothecation

Quick hypothecation

Low interest rate

Low interest rate

Higher LTV

Higher LTV

Easy EMI options

Easy EMI options

Approval within 48 hours

Approval within 48 hours

Nominal processing fee

Nominal processing fee

Flexible repayment tenure

Flexible repayment tenure

Get Working capital with Machinery Finance

Welcome to Oxyzo Machinery Finance, your trusted partner for all your machinery financing needs in Asansol. Our mission is to provide hassle-free, easy, and quick machinery financing solutions to small and medium businesses in Asansol. We understand the challenges that businesses face while looking for financing options, and our goal is to make the process as seamless as possible for our clients.

Asansol, located in the state of West Bengal, is an industrial city with a rich history of mining and manufacturing. The city is home to a diverse range of businesses, from small startups to large corporations, and we are proud to support the growth of these businesses through our financing services. Our team of experts has a deep understanding of the local market and can provide personalized financing solutions tailored to meet the unique needs of each client.

One of the key benefits of partnering with Oxyzo Machinery Finance is the increased profitability that our financing solutions offer. By providing businesses with access to capital, we enable them to invest in new machinery and equipment, which can lead to increased productivity and profitability. Our financing solutions are designed to be flexible, allowing businesses to choose repayment options that align with their cash flow needs.

Another key benefit of working with Oxyzo Machinery Finance is our instant disbursement process. We understand that time is of the essence when it comes to financing, and our streamlined process ensures that businesses receive the funds they need quickly and efficiently. Our 100% digitized process makes the application process simple and hassle-free, allowing businesses to focus on what they do best – running their operations.

At Oxyzo Machinery Finance, we pride ourselves on our commitment to transparency and honesty. We believe that every business deserves access to fair and honest financing solutions, and we work tirelessly to ensure that our clients have a clear understanding of the terms and conditions of their financing. Our team of experts is always available to answer any questions or concerns that our clients may have, and we strive to build long-term relationships based on trust and mutual respect.

In conclusion, if you’re a small or medium business in Asansol looking for reliable, hassle-free machinery financing solutions, look no further than Oxyzo Machinery Finance. With our flexible repayment options, instant disbursement process, and 100% digitized process, we are committed to helping your business grow and succeed. Contact us today to learn more about our financing solutions and how we can help your business thrive.

Frequently Asked Questions

Is machinery finance similar to a term loan ?
Yes, a machinery loan is a capex term loan that helps in bringing higher productivity in business operations with the use of modern day manufacturing and assembly machines.
Does Oxyzo provide machinery loan without security ?
Yes
For which type of assets does Oxyzo offer machinery finance ?
Oxyzo offers machinery finance against fixed assets like plant and machinery.
How is the LTV determined for a machinery loan ?
It depends on the type of asset. For new or standard assets, LTV is higher as compared to refurbished or non-standard assets.
What is the maximum sanction amount offered by Oxyzo for machinery finance ?
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 sanction.
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