Machinery Finance in Erode

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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

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
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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 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

Oxyzo Machinery Finance: Boost Your Business with Better Profitability, Instant Disbursement, 100% Digitized Process, and Flexible Repayment Options in Erode

Located in the heart of Tamil Nadu, Erode is a thriving commercial and industrial hub that boasts a rich heritage of textile, agriculture, and engineering industries. With its strategic location, excellent connectivity, and favorable business environment, Erode has emerged as a preferred destination for small and medium-sized enterprises (SMEs) looking to expand their operations, invest in new machinery, or upgrade their equipment.

As a leading machinery finance company in Erode, Oxyzo is committed to helping businesses achieve their growth objectives by providing quick and hassle-free financing solutions that cater to their unique needs and requirements. Whether you need funds to purchase new machinery, upgrade your existing equipment, or expand your operations, Oxyzo can help you get the right financing solution that suits your business.

One of the key benefits of partnering with Oxyzo for your machinery financing needs is better profitability. By investing in new machinery or upgrading your equipment, you can improve your productivity, reduce your operating costs, and increase your revenues, which can significantly boost your profitability and help you achieve your business goals.

Another advantage of choosing Oxyzo as your machinery finance partner is instant disbursement. Unlike traditional lenders that may take weeks or even months to process your loan application, Oxyzo offers a streamlined and 100% digitized process that allows you to apply for financing online and get your funds disbursed in as little as 24 hours. This means you can access the funds you need to grow your business quickly and efficiently, without any delays or hassles.

Moreover, Oxyzo offers flexible repayment options that are tailored to your business needs and cash flow. Whether you prefer monthly, quarterly, or bi-annual repayments, Oxyzo can help you design a repayment plan that fits your budget and cash flow. Additionally, Oxyzo offers competitive interest rates and minimal documentation requirements, which means you can get the financing you need at a reasonable cost and with minimal paperwork.

In conclusion, if you are a business owner in Erode looking to invest in new machinery or upgrade your equipment, Oxyzo Machinery Finance can help you achieve your business goals by providing quick, hassle-free, and flexible financing solutions that cater to your unique needs and requirements. With Oxyzo, you can enjoy better profitability, instant disbursement, a 100% digitized process, and flexible repayment options, all designed to help you grow your business and succeed in today’s competitive market.

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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