Purchase Finance in Anantapur

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RBI Registered NBFC

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How does Purchase Finance Work?

Purchase Finance Benefits

Cheaper procurement

Cheaper procurement

Pay your suppliers upfront and get raw materials at the best rates

Improved working capital cycles

Improved working capital cycles

Manage your working capital better by solving cash flow issues

Digital and simplified process

Digital and simplified process

Apply for credit line online with a few clicks.

Collateral-free line of credit

Collateral-free line of credit

The unsecured working capital does not require land, property, BG or any other collateral

Grow revenue and profitability

Grow revenue and profitability

Reduce your input cost and book more profits

Instant disbursement

Instant disbursement

Receive funds against submission of supplier invoices instantly

Interest as per usage

Interest as per usage

The interest rate would be charged only for the exact amount and duration of use

Revolving credit

Revolving credit

60-120 days rotation cycle to meet working capital needs

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

Savings upto 3% on raw material purchases

Savings upto 3% on raw material purchases

Unsecured working capital

Unsecured working capital

Affordable interest rates

Affordable interest rates

No foreclosure charges

No foreclosure charges

No part-payment charges

No part-payment charges

No minimum utilization charges

No minimum utilization charges

No new bank account required

No new bank account required

Convenient repayments

Convenient repayments

Approval within 48 hours

Approval within 48 hours

One-time processing fee

One-time processing fee

Digitized process

Digitized process

Get Working capital with Purchase Finance

Oxyzo Purchase finance in Anantapur – The Best Financing Solution for Small Businesses

Anantapur is a city in the state of Andhra Pradesh, India, known for its rich cultural heritage, agriculture, and business opportunities. It is a hub of small and medium-sized enterprises (SMEs), providing employment to a large number of people. However, small business owners in Anantapur often face financial constraints, making it challenging for them to grow their businesses. That’s where Oxyzo Purchase finance comes in – a loan specifically designed to meet the financial needs of small businesses in Anantapur.

Cheaper Procurement: Oxyzo Purchase finance enables small business owners to purchase raw materials, inventory, or machinery at a lower cost. The loan offers a flexible repayment period, allowing businesses to save money and optimize their working capital.

Improved Working Capital Cycles: Oxyzo Purchase finance provides businesses with access to a line of credit, which can be used to finance working capital needs. This, in turn, helps businesses to improve their working capital cycles and operate more efficiently.

Digital and Simplified Process: Oxyzo Purchase finance has a digital and simplified process, making it easy for small business owners to apply for loan. The loan application process is quick and straightforward, eliminating the need for complex paperwork and lengthy procedures.

Collateral-Free Line of Credit: Oxyzo Purchase finance is a collateral-free line of credit, which means small business owners do not have to provide any collateral to secure the loan. This eliminates the risk of losing assets in case of loan default.

Grow Revenue and Profitability: Oxyzo Purchase finance provides small business owners with access to the funds they need to grow their businesses. The loan helps businesses to increase revenue, expand their product lines, and ultimately improve their profitability.

Instant Disbursement: Oxyzo Purchase finance offers instant disbursement of funds, allowing small business owners to access the money they need quickly. This helps businesses to take advantage of opportunities and overcome financial constraints.

Interest as per Usage: Oxyzo Purchase finance offers interest as per usage, which means businesses only pay interest on the amount they have used. This helps businesses to save money and manage their finances more efficiently.

Revolving Credit: Oxyzo Purchase finance offers revolving credit, which means businesses can use the loan multiple times as long as they repay the amount they have used. This provides businesses with a flexible and ongoing source of financing.

In conclusion, Oxyzo Purchase finance in Anantapur is a financing solution designed to meet the unique needs of small businesses. The loan offers numerous benefits, including cheaper procurement, improved working capital cycles, a digital and simplified process, a collateral-free line of credit, the ability to grow revenue and profitability, instant disbursement, interest as per usage, and revolving credit.

Frequently Asked Questions

What is the purpose of purchase finance ?
Purchase finance is a working capital loan offered to SMEs for purchasing raw materials on advance payment terms.
Does Oxyzo provide unsecured purchase finance only ?
No, Oxyzo provides both secured and unsecured working capital limit to SMEs. Unsecured purchase finance is completely collateral-free while secured purchase finance is given against bank guarantee or residential/commercial property
Is purchase finance similar to cash credit ?
Yes
What is the eligibility for purchase finance ?
The working capital loan eligibility depends on the business vintage and turnover. SMEs must have a minimum turnover of 3 crores and a business vintage of atleast 3 years to apply online.
What is the maximum working capital limit offered by Oxyzo for purchase 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 working capital limit.

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