Machinery Finance in Chennai

RBI Registered

RBI Registered NBFC

Download our App!
+91

Available on

Download AppDownload App
Download App

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

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
Our New App is Live!
Fuel Your Business Dreams with OXYZO
+91
Scan to get App
title
title
title

Enhanced Security Features

title

Hassle-free Loan Applications

title

Simplified Documentation Process

title

Get Disbursals on the Fly

title

Ledger on Your Fingertips

title

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

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 in Chennai, your one-stop solution for all your machinery financing needs. Our company understands that financing for equipment is essential for the growth and success of your business. We aim to provide you with the best machinery finance solutions in Chennai, tailored to your unique needs.

About Chennai:
Chennai, the capital of Tamil Nadu, is a bustling city that boasts a rich cultural heritage and a thriving economy. It is a major industrial hub and is home to several large and small businesses, including those in the manufacturing and engineering sectors. Chennai is also famous for its seaport, which serves as a gateway for trade between India and other countries. As a result, it is no surprise that there is a growing demand for machinery financing solutions in Chennai.

Benefits of Machinery Finance with Oxyzo:
Better Profitability:
At Oxyzo Machinery Finance, we understand that investing in new machinery can significantly improve your business’s profitability. With our machinery finance solutions, you can purchase the equipment you need without having to worry about the upfront costs. This allows you to invest in modern equipment, which can help improve your productivity and efficiency, ultimately leading to better profitability.

Instant Disbursement:
We know that time is of the essence, especially when it comes to business. That’s why our machinery finance solutions in Chennai come with instant disbursement. You don’t have to wait long for your funds to be disbursed. We ensure that you get the money you need when you need it.

100% Digitized Process:
At Oxyzo Machinery Finance, we have a fully digitized process that ensures that you get the finance you need without any hassle. Our online application process is quick and easy, and you can apply from the comfort of your home or office. With our digitized process, you can get your loan approved faster, making it easier for you to purchase the equipment you need.

Flexible Repayment Options:
We understand that different businesses have different needs when it comes to repayment options. That’s why we offer flexible repayment options that can be tailored to your unique needs. We work with you to understand your financial situation and come up with a repayment plan that suits you. This ensures that you can make repayments without putting too much strain on your finances.

In conclusion, Oxyzo Machinery Finance is committed to providing you with the best machinery financing solutions in Chennai. We understand the importance of having the right equipment to grow your business, and we are here to help you achieve your goals. Contact us today to learn more about our machinery finance 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.

Ask Queries, learn about products and much more

WhatsApp Us