Purchase Finance in Bhopal

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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 is a leading financial service provider in Bhopal, catering to the needs of small and medium-sized businesses. Bhopal, the capital city of Madhya Pradesh, is known for its rich culture and heritage. It is also emerging as a prominent business hub, with a thriving manufacturing and service industry.

Oxyzo Purchase Finance offers a range of financing solutions to businesses in Bhopal, with a focus on helping them achieve their growth aspirations. One of the primary benefits of Oxyzo’s financing solutions is cheaper procurement. With access to a collateral-free line of credit, businesses can negotiate better terms with their suppliers and procure goods at a lower cost.

Improved working capital cycles are another advantage of Oxyzo’s financing solutions. With quick and hassle-free access to funds, businesses can manage their cash flow efficiently and keep their operations running smoothly. This, in turn, leads to better financial stability and growth prospects.

The digital and simplified process of Oxyzo’s financing solutions makes it easy for businesses to apply and get approved for funds. The process is completely paperless and can be completed within a few minutes, enabling businesses to focus on their core operations.

With a collateral-free line of credit, businesses can access funds to fuel their growth without having to pledge any assets. This provides them with the flexibility to use the funds as per their business needs, thereby enabling them to grow their revenue and profitability.

Oxyzo’s financing solutions offer instant disbursement of funds, which means businesses can get access to funds within a few hours of approval. The interest rates are calculated on the amount used, which means businesses only pay for what they use, making it a cost-effective financing solution.

Finally, the revolving credit feature of Oxyzo’s financing solutions provides businesses with the flexibility to use funds as and when needed. This means businesses can maintain a healthy cash flow and seize opportunities as they arise.

In conclusion, Oxyzo Purchase Finance offers a comprehensive range of financing solutions to businesses in Bhopal, enabling them to achieve their growth aspirations. With benefits such as cheaper procurement, improved working capital cycles, digital and simplified processes, collateral-free line of credit, revenue and profitability growth, instant disbursement, interest as per usage, and revolving credit, Oxyzo is the ideal partner for businesses looking to achieve financial stability and growth.

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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