Purchase Finance in Belgaum

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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

Belgaum is a city located in the Indian state of Karnataka and is known for its rich history and cultural heritage. The city has been growing rapidly in recent years and has become a hub for businesses and entrepreneurs. To support this growth and help businesses succeed, Oxyzo has introduced its Purchase finance product in Belgaum.

The Oxyzo Purchase finance offers a number of benefits that can help businesses to grow and become more profitable. One of the biggest benefits of this loan is that it allows businesses to procure goods and supplies at a cheaper cost. By having access to financing, businesses can take advantage of bulk discounts and negotiate better deals with suppliers.

Another benefit of the Oxyzo Purchase finance is that it helps to improve working capital cycles. By providing businesses with a line of credit, they can manage their cash flow more effectively and ensure that they have the resources they need to meet their obligations and grow their business.

The Oxyzo Purchase finance is a digital and simplified process, making it easy for businesses to apply and receive funds quickly. The loan application process is straightforward and requires minimal documentation. This means that businesses can receive funding in as little as 24 hours.

One of the best things about the Oxyzo Purchase finance is that it is a collateral-free line of credit. This means that businesses do not have to put up any collateral to secure the loan, making it a great option for businesses that do not have a lot of assets.

By having access to financing, businesses can grow their revenue and profitability. The Oxyzo Purchase finance provides businesses with the funds they need to invest in new opportunities, expand their operations, and take advantage of new business opportunities.

The Oxyzo Purchase finance also offers instant disbursement, which means that businesses can receive funding quickly and start using it to grow their business. The loan amount is available as a revolving credit, which means that businesses can use the funds as needed and repay the loan when they have the funds available.

Finally, the interest on the Oxyzo Purchase finance is charged only on the amount used, which means that businesses can save money by only borrowing what they need. This flexible loan structure allows businesses to manage their cash flow more effectively and ensure that they have the resources they need to succeed.

In conclusion, the Oxyzo Purchase finance is a great option for businesses in Belgaum that are looking to grow and become more profitable. With its cheaper procurement, improved working capital cycles, digital and simplified process, collateral-free line of credit, and other benefits, this loan is a great way for businesses to access the funds they need to succeed.

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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