Machinery Finance in Odisha

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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 in Odisha, where we provide reliable and efficient financing solutions for businesses seeking to purchase machinery. As one of the leading non-banking financial companies in the state, we understand the unique needs and challenges that businesses face in Odisha. That’s why we have tailored our services to provide the best financing options that meet the specific requirements of each business.

Odisha is a state located in eastern India, known for its rich cultural heritage, beautiful beaches, and diverse landscapes. The state is also a hub for industries such as steel, power, and mining. Businesses operating in these industries require machinery that is reliable, efficient, and of high quality to ensure smooth operations and better profitability.

At Oxyzo Machinery Finance, we understand the importance of machinery for businesses to achieve their goals. That’s why we offer instant disbursement of funds to ensure that businesses can purchase the machinery they need without any delay. With our 100% digitized process, businesses can apply for financing from anywhere in Odisha, eliminating the need for physical visits to our offices.

We believe that flexible repayment options are essential for businesses to manage their finances effectively. That’s why we offer repayment plans that can be tailored to meet the specific needs and cash flow of each business. Our team of experts works closely with businesses to understand their financial situation and provide the best repayment options.

Better profitability is one of the main benefits of using our financing services. By purchasing high-quality machinery, businesses can increase their production capacity, reduce downtime, and improve the quality of their products. Our financing solutions are designed to help businesses achieve their growth targets and maximize their profitability.

In conclusion, Oxyzo Machinery Finance in Odisha is committed to providing reliable and efficient financing solutions to businesses seeking to purchase machinery. With our instant disbursement, 100% digitized process, and flexible repayment options, businesses can achieve better profitability and growth. Contact us today to learn more about our financing solutions and how we can help your business grow.

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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