Purchase Finance in Asansol

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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 Asansol: The Solution to Your Business Financing Needs

Asansol, a city located in the Indian state of West Bengal, is a hub of economic activity. From small enterprises to large industries, the city offers ample opportunities for growth and development. However, many businesses in Asansol face financial challenges and often struggle to find the right financing options. This is where Oxyzo Purchase finance comes in.

Oxyzo Purchase finance is a revolutionary financing solution that offers businesses in Asansol a cheaper and easier way to procure the necessary materials and supplies. With Oxyzo, businesses can improve their working capital cycles, reduce procurement costs and grow their revenue and profitability.

The best part about Oxyzo Purchase finance is that it is a digital and simplified process, which means that businesses can apply for it from the comfort of their own office. Additionally, the loan is collateral-free, meaning that businesses do not have to put up any assets as security.

Another major advantage of Oxyzo Purchase finance is that it offers instant disbursement. Businesses can receive the funds they need within a matter of hours, making it the perfect solution for urgent financial needs. The interest rate for Oxyzo Purchase finance is based on usage, which means that businesses only pay for what they use. Additionally, the loan has a revolving credit facility, allowing businesses to withdraw funds as and when they need them.

In conclusion, Oxyzo Purchase finance is the perfect solution for businesses in Asansol looking to overcome financial challenges and grow their revenue and profitability. With its cheaper procurement, improved working capital cycles, digital and simplified process, collateral-free line of credit, instant disbursement, interest as per usage, and revolving credit facility, Oxyzo Purchase finance offers businesses everything they need to succeed. So, if you’re looking for a reliable and affordable financing solution for your business in Asansol, look no further than Oxyzo Purchase finance!

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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