Purchase Finance in Bihar

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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 digital platform that provides purchase finance solutions to businesses in Bihar. Bihar is a state in Eastern India with a rich cultural heritage and a rapidly developing economy. With a population of over 120 million people, Bihar has become an important hub for businesses in various sectors, including agriculture, manufacturing, and services.

One of the primary benefits of using Oxyzo Purchase Finance in Bihar is the ability to procure goods and services at a cheaper cost. This is made possible by the platform’s ability to provide funding at a lower cost compared to traditional financing options. By using Oxyzo Purchase Finance, businesses can negotiate better deals with their suppliers, leading to improved profit margins.

Another benefit of using Oxyzo Purchase Finance is the ability to improve working capital cycles. Businesses in Bihar often face cash flow constraints, which can impact their ability to operate effectively. Oxyzo Purchase Finance provides businesses with access to working capital that can be used to finance their procurement needs. This helps businesses to manage their cash flows better, ensuring that they have sufficient funds to operate smoothly.

Oxyzo Purchase Finance offers a digital and simplified process that makes it easy for businesses to access financing. The platform has a user-friendly interface that allows businesses to apply for financing online. The entire process, from application to disbursal, is quick and efficient, ensuring that businesses can access the funds they need in a timely manner.

One of the key benefits of using Oxyzo Purchase Finance is that it is a collateral-free line of credit. This means that businesses do not need to provide any collateral or security to access financing. This makes it easier for businesses, especially small and medium enterprises, to access the funding they need to grow and expand their operations.

Using Oxyzo Purchase Finance can help businesses in Bihar to grow their revenue and profitability. By providing businesses with the funds they need to purchase goods and services, Oxyzo Purchase Finance enables businesses to expand their operations, increase their production, and improve their sales. This, in turn, can lead to increased revenue and profitability.

Oxyzo Purchase Finance provides instant disbursement of funds, which can be a significant advantage for businesses that need funds quickly. The platform disburses funds within a few hours of approval, allowing businesses to access the funds they need without delay.

Interest rates for Oxyzo Purchase Finance are as per usage, meaning that businesses only pay interest on the amount they use. This ensures that businesses are not burdened with unnecessary interest charges, which can impact their profitability.

Finally, Oxyzo Purchase Finance provides revolving credit, which means that businesses can access funding on an ongoing basis. This is particularly useful for businesses that have recurring procurement needs and require a reliable source of funding.

In conclusion, Oxyzo Purchase Finance offers a range of benefits to businesses in Bihar, including cheaper procurement, improved working capital cycles, digital and simplified processes, collateral-free lines of credit, revenue and profitability growth, instant disbursement, interest as per usage, and revolving credit. Businesses that use Oxyzo Purchase Finance can access the funding they need to grow and expand their operations, helping to drive the economic growth of Bihar.

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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