Machinery Finance in Bareilly

RBI Registered
RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

Ready to Apply? Here's What You'll Need

Eligibility Criteria

Minimum turnover
₹3 crores
Years of Operation
3+ years
Entities
  • Public Limited
  • Private Limited
  • Sole Proprietorship
  • Partnership

Required Documents

Business Proof
GSTIN
KYC Details
  • PAN Card
  • Aadhaar Card
Financial Documents (last 3 years)
  • Bank Statement
  • Balance Sheet
  • P&L Statement

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

Machinery Finance

BenefitsHow Machinery Finance work?How to ApplyWhy OxyzoFAQsApply Online

Machinery Finance Benefits

Collateral-free

Collateral-free

Unsecured business loans do not require land, property or any other business collateral

Low cost credit

Low cost credit

The interest rate charged on a business loan is relatively lower than that of loan

100% digitized process

100% digitized process

The online business loan process is fast and hassle-free

Flexible repayment options

Flexible repayment options

A business loan can be repaid with flexible EMI options

Instant disbursement

Instant disbursement

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

How does Machinery Finance Work?

How to Apply for a Machinery Finance

Step-by-step online process to apply for Financing
Apply For Credit
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

No collateral required

No collateral required

Minimum Paperwork

Minimum Paperwork

Attractive interest rate

Attractive interest rate

Flexible repayment tenure

Flexible repayment tenure

Approval within 48 hours

Approval within 48 hours

Nominal processing-fee

Nominal processing-fee

Easy EMI options

Easy EMI options

Get Working capital with Machinery Finance

Welcome to Oxyzo Machinery Finance, your reliable partner in fulfilling your financial needs to boost your business growth. We offer customized machinery finance solutions to help businesses in Bareilly and the surrounding regions to achieve better profitability, expand their operations, and enhance their overall productivity.

About Bareilly:

Bareilly is a city located in the northern state of Uttar Pradesh, India. It is a rapidly growing city that is home to several small and medium-scale industries. Agriculture, agro-based industries, and textiles are some of the major contributors to the city’s economy. Bareilly is also known for its rich cultural heritage, beautiful temples, and historical monuments.

Benefits of Choosing Oxyzo Machinery Finance:

Better Profitability:
At Oxyzo Machinery Finance, we understand the importance of profitability in a business. That’s why we offer machinery finance solutions at competitive interest rates that allow you to purchase or upgrade machinery, leading to better productivity and increased profitability.

Instant Disbursement:
We understand that time is of the essence when it comes to business operations. Therefore, we offer instant disbursement of funds to ensure that your business runs smoothly without any delays.

100% Digitized Process:
At Oxyzo Machinery Finance, we have digitized the entire loan application and disbursal process. This means that you can apply for a machinery loan online from the comfort of your home or office, and get the loan amount disbursed directly into your account, without the need for any physical documentation.

Flexible Repayment Options:
We understand that each business has unique financial needs. That’s why we offer flexible repayment options that cater to your business’s cash flow. You can choose from different repayment plans that suit your business requirements, ranging from monthly, quarterly, half-yearly, or annual payments.

Conclusion:

Oxyzo Machinery Finance is committed to providing easy and hassle-free machinery finance solutions to businesses in Bareilly and beyond. Our loan products are designed to help you upgrade your machinery, expand your operations, and increase profitability. With our instant disbursement, 100% digitized process, and flexible repayment options, you can be assured of a smooth and stress-free experience. Contact us today to learn more about our customized machinery finance solutions.

Frequently Asked Questions

What is machinery finance and which types of assets does it cover?
Machinery Finance from Oxyzo is a capital expenditure (capex) term loan for SMEs that need to purchase new equipment, machines, or plant assets. Oxyzo finances manufacturing machinery, assembly equipment, industrial plants, and other standard business equipment. Financing is available for both new and refurbished assets, though LTV ratios are higher for new, standard equipment.
Is machinery finance from Oxyzo a secured or unsecured product?
Oxyzo offers both secured and unsecured machinery finance. In the secured variant, the machinery itself often serves as collateral, and the LTV ratio depends on the type and condition of the asset. Unsecured machinery loans are also available for eligible SMEs without requiring additional collateral, up to Rs 5 crores.
How is the LTV (Loan-to-Value) ratio determined for a machinery loan?
The LTV ratio for machinery finance at Oxyzo depends on the type and condition of the asset being financed. New or standard machinery from reputed manufacturers qualifies for a higher LTV (larger portion of asset value financed). Refurbished, used, or non-standard machinery attracts a lower LTV, requiring a higher own contribution from the borrower. The exact LTV is assessed during credit evaluation.
What is the eligibility criteria and interest rate for machinery finance?
To qualify, the business must have minimum annual turnover of Rs 3 crores and at least 3 years of operation. Interest rates start from 12% per annum, with a processing fee starting from 1% per annum. Repayment is structured as fixed EMIs aligned with the asset's useful life and business cash flows. Approval typically happens within 48 hours.
What documents are needed to apply for machinery finance?
Required documents: KYC (PAN and Aadhaar), GSTIN, last 6 months of bank statements, GSTR details for the current financial year, audited financial statements for the previous 3 years, and a proforma invoice or quotation for the machinery. For secured loans, additional asset documentation may be required.
How quickly are machinery loan funds disbursed after approval?
After credit sanction, machinery finance funds are disbursed within 24-48 hours via a fully digital, paperless process. Oxyzo typically pays the machinery vendor or supplier directly, ensuring the transaction is smooth and traceable.
Can I finance second-hand or refurbished machinery through Oxyzo?
Yes, Oxyzo does offer machinery finance for refurbished or second-hand equipment, though the terms differ from new machinery financing. For used assets, the LTV (Loan-to-Value) ratio is lower, meaning the borrower must contribute a higher own margin. The age, condition, manufacturer, and residual useful life of the refurbished machine are key factors in Oxyzo's valuation. An independent asset valuation may be required. Despite the lower LTV, financing refurbished machinery can still be a cost-effective way for SMEs to upgrade production capacity at a fraction of the cost of new equipment.
What is the repayment tenure for a machinery loan at Oxyzo?
The repayment tenure for machinery finance is customized based on the loan amount, the useful life of the asset being financed, and the borrower's projected cash flows. Oxyzo structures EMIs to be comfortably within the borrower's monthly repayment capacity, typically over a tenure of 12 to 36 months. Longer tenures reduce monthly EMI burden but increase the total interest cost over the life of the loan. Borrowers can use Oxyzo's EMI calculator at oxyzo.in/emi-calculator to estimate repayment schedules before applying.
Is machinery finance the same as equipment leasing?
No -- machinery finance (a term loan) and equipment leasing are fundamentally different. With a machinery term loan from Oxyzo, the borrower purchases the equipment outright, owns the asset from day one, and repays the loan in EMIs. At the end of the loan tenure, there is no residual payment -- the borrower fully owns the asset, free of any lien (once the loan is repaid). Equipment leasing, by contrast, involves renting the asset for a fixed period; ownership typically stays with the lessor. A term loan builds asset ownership on your balance sheet, which is generally more favorable for SMEs seeking long-term business stability.
Can I use Oxyzo machinery finance for importing machinery from abroad?
Oxyzo's machinery finance is primarily designed for the purchase of machinery within India, including domestic procurement from authorized importers or distributors. For businesses importing machinery directly from foreign suppliers, the financing structure may involve additional documentation such as the proforma invoice in foreign currency, import clearance documents, and customs duty payment records. Businesses planning direct imports are advised to contact Oxyzo's support team to understand the applicable documentation requirements and whether their specific import scenario qualifies under the product.
Does Oxyzo finance machinery for all industries, or only specific sectors?
Oxyzo's machinery finance is available across a broad range of industries served by its platform, including manufacturing, auto and auto ancillaries, capital goods, pharmaceuticals, food processing, packaging, textiles, agri-processing, consumer goods, and more. Since Oxyzo is focused on the SME sector, the product is designed to be sector-agnostic for most standard manufacturing and processing industries. However, highly specialized or unconventional assets may require additional assessment. Businesses can check their eligibility by applying online at oxyzo.in/apply-credit or contacting getsupport@oxyzo.in.

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