Purchase Finance in Bareilly

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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

Purchase 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 Purchase 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

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 – Your Ideal Solution for Procurement in Bareilly

Bareilly is a city in the northern state of Uttar Pradesh, India, known for its rich cultural heritage and thriving business community. The city is home to a large number of small and medium enterprises (SMEs) that drive the local economy and provide employment opportunities.

However, securing financing for procurement and other business needs can be a challenge for SMEs in Bareilly. This is where Oxyzo Purchase finance comes in, offering a range of benefits that make it the ideal solution for procuring what you need to grow your business.

Cheaper Procurement
With Oxyzo Purchase finance, you can access financing at lower interest rates compared to other forms of credit. This means you can procure the materials, equipment, or products you need at a lower cost, freeing up more of your working capital for other business needs.

Improved Working Capital Cycles
The Oxyzo Purchase finance also helps improve your working capital cycles by allowing you to spread the cost of procurement over time, rather than having to pay for everything upfront. This frees up more of your cash flow for other business needs, reducing financial stress and allowing you to focus on growing your business.

Digital and Simplified Process
The Oxyzo Purchase finance process is completely digital and simplified, making it easy for you to access the financing you need. Simply apply online, and our team will handle the rest, from processing your application to disbursing the funds.

Collateral-Free Line of Credit
Another major benefit of the Oxyzo Purchase finance is that it is a collateral-free line of credit, which means you don’t have to put up any assets as security for the loan. This makes it easier for small business owners and entrepreneurs to access the financing they need without having to worry about putting their assets at risk.

Grow Revenue and Profitability
By financing your procurement needs with Oxyzo Purchase finance, you can grow your revenue and profitability by investing in your business. Whether you need to purchase new equipment, expand your product line, or increase your inventory, the Oxyzo Purchase finance can help you make the investments you need to succeed.

Instant Disbursement
Once your Oxyzo Purchase finance application is approved, you can expect to receive the funds in your account within just a few hours. This allows you to get started on your procurement needs right away, without having to wait for days or weeks for the funds to arrive.

Interest as per Usage
With Oxyzo Purchase finance, you only pay interest on the amount you use, not the entire line of credit. This means you can use as much or as little of the loan as you need, without having to pay interest on the entire amount.

Revolving Credit
Finally, the Oxyzo Purchase finance is a revolving line of credit, which means you can use it again and again as you need it. This gives you the flexibility to access the financing you need, when you need it, making it an ideal solution for small business owners and entrepreneurs in Bareilly.

In conclusion, Oxyzo Purchase finance is a flexible and affordable financing solution for small and medium enterprises (SMEs) in Bareilly. Whether you need to finance procurement, improve your working capital cycles, or make investments in your business, Oxyzo Purchase finance can help you achieve your goals. So why wait? Apply today and start growing your business with 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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