Machinery Finance in Bihar

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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 one-stop solution for all your machinery financing needs in Bihar. We understand that acquiring machinery can be a significant investment for businesses, and that’s why we offer flexible financing options that help you achieve better profitability without any hassle.

About Bihar:

Bihar is a state in Eastern India, known for its rich cultural heritage and historic significance. It is the third most populous state in India, with a population of over 120 million. The state’s economy is largely driven by agriculture, with industries such as food processing, textiles, and leather also contributing to its growth. Bihar’s strategic location also makes it an ideal destination for businesses looking to expand their operations in East India.

Better Profitability:

At Oxyzo Machinery Finance, we understand the importance of profitability for any business, and that’s why we offer customized financing solutions that help you optimize your investment. With our financing options, you can acquire the latest machinery and equipment that not only increases your productivity but also ensures that you stay ahead of the competition.

Instant Disbursement:

We know that time is of the essence when it comes to business operations. That’s why we offer instant disbursement of funds to our customers. Our 100% digitized process ensures that there are no delays, and you can get access to the funds you need within a short span of time. With Oxyzo Machinery Finance, you can rest assured that your financial needs are taken care of, without any delays.

100% Digitized Process:

We understand that paperwork and manual processes can be a hassle, and that’s why we offer a fully digitized process that eliminates the need for physical documentation. Our process is completely online, making it easy for you to apply for financing from the comfort of your office or home. Our team of experts ensures that the process is seamless, and that you get access to funds without any hassle.

Flexible Repayment Options:

We understand that every business is unique, and that’s why we offer flexible repayment options that cater to your individual needs. Our repayment plans are designed to ensure that you don’t have to worry about any financial burden while repaying your loan. With Oxyzo Machinery Finance, you can choose a repayment plan that works best for you and your business.

In conclusion, Oxyzo Machinery Finance is your go-to partner for all your machinery financing needs in Bihar. Our customized solutions, instant disbursement, 100% digitized process, and flexible repayment options ensure that you get the best value for your investment. Contact us today to know more about our financing options and take the first step toward a better future for your business.

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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