Purchase Finance in Aurangabad

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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 Aurangabad is a financing solution that is designed to help small and medium-sized businesses in Aurangabad grow and thrive. This loan is aimed at providing a collateral-free line of credit to help businesses make purchases and manage their working capital cycles.

About Aurangabad: Aurangabad is a city in the state of Maharashtra, India. Known for its rich cultural heritage, the city is famous for its historical monuments and caves, including the Ajanta and Ellora caves, which are designated as UNESCO World Heritage sites. In recent years, Aurangabad has emerged as an important industrial and commercial center, attracting a growing number of small and medium-sized businesses.

Benefits of Oxyzo Purchase finance in Aurangabad:

Cheaper procurement: With Oxyzo Purchase finance, businesses in Aurangabad can access cheaper procurement of goods and materials, helping them save money and improve their bottom line.

Improved working capital cycles: The loan provides businesses with a flexible line of credit, enabling them to manage their working capital cycles more efficiently and effectively.

Digital and simplified process: The loan application process is entirely digital, making it easy and convenient for businesses to apply for and receive financing.

Collateral-free line of credit: Oxyzo Purchase finance in Aurangabad is a collateral-free line of credit, meaning businesses do not need to put up any collateral to secure the loan.

Grow revenue and profitability: With access to working capital, businesses can grow their revenue and profitability by investing in new opportunities and expanding their operations.

Instant disbursement: Once approved, the loan is disbursed instantly, allowing businesses to access the funds they need right away.

Interest as per usage: Oxyzo Purchase finance in Aurangabad is a revolving credit facility, with interest charged only on the amount used. This helps businesses keep their costs under control and manage their finances more effectively.

In conclusion, Oxyzo Purchase finance in Aurangabad is a powerful financing solution that can help businesses in the city grow and succeed. With its combination of a flexible line of credit, digital application process, and collateral-free loan structure, this loan is the ideal solution for businesses looking to improve their working capital cycles, grow revenue and profitability, and manage their finances more effectively.

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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