Machinery Finance in Bhilai

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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 financing your machinery needs in Bhilai! Our goal is to provide you with hassle-free financing options that allow you to invest in your business without worrying about the financial burden.

About Bhilai:
Bhilai is a well-known city in the Indian state of Chhattisgarh, located in the eastern part of the state. It is the second-largest city in the state after Raipur and is known for its steel industry. Bhilai Steel Plant, one of the largest steel plants in India, is located here. The city has also seen rapid growth in other industries such as manufacturing, engineering, and pharmaceuticals. This growth has resulted in an increased demand for machinery financing options in Bhilai.

Better Profitability:
We understand that machinery is a critical component of any business and that investing in new or upgrading existing machinery can help businesses increase their profitability. Our financing options enable you to invest in machinery that can help improve your business’s productivity and efficiency, resulting in better profitability.

Instant Disbursement:
We know that time is money, and delayed financing can cause disruptions to your business operations. That’s why we offer instant disbursement of funds once your loan application is approved. Our fast processing times mean that you can get the funds you need when you need them, without any unnecessary delays.

100% Digitized Process:
Our financing process is entirely digitized, which means that you can complete the entire loan application process online from the comfort of your home or office. This feature saves you time and eliminates the need for you to travel to our offices, making the process more convenient for you.

Flexible Repayment Options:
We understand that every business has unique financial needs, which is why we offer flexible repayment options that are tailored to your specific requirements. Our repayment options are designed to ensure that your business operations are not disrupted, and that you can manage your finances effectively while repaying your loan.

In conclusion, at Oxyzo Machinery Finance, we are committed to helping you invest in your business’s growth by providing you with flexible and hassle-free machinery financing options. Whether you are looking to upgrade your existing machinery or invest in new equipment, we are here to support you every step of the way. Contact us today to learn more about our financing options and how we can help you take your business to the next level.

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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