Purchase Finance in Bilaspur

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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 fintech company that provides easy and affordable financing solutions to businesses in Bilaspur. Bilaspur, known as the “Rice Bowl of Chhattisgarh,” is a city in central India that has a vibrant economy driven by agriculture, mining, and manufacturing industries.

One of the biggest benefits of using Oxyzo Purchase Finance is that it enables businesses in Bilaspur to procure goods and raw materials at a cheaper cost. With access to affordable financing, businesses can negotiate better deals with suppliers, thus reducing their procurement costs and improving their profit margins.

Oxyzo Purchase Finance also helps businesses in Bilaspur to improve their working capital cycles. With a collateral-free line of credit, businesses can access funds quickly and use them to meet their short-term financing needs, such as paying suppliers, managing inventory, and covering operating expenses.

The digital and simplified process of Oxyzo Purchase Finance makes it easy for businesses in Bilaspur to apply for and receive financing quickly. The entire process is paperless and can be completed online, which saves businesses time and effort.

Another benefit of Oxyzo Purchase Finance is that it offers interest rates that are based on usage, which means that businesses only pay interest on the amount they use. This makes the financing solution more affordable and flexible for businesses with fluctuating financing needs.

Oxyzo Purchase Finance also offers a revolving credit facility that enables businesses in Bilaspur to access funds on an ongoing basis, as and when they need them. This helps businesses to manage their cash flow effectively and grow their revenue and profitability over time.

Finally, Oxyzo Purchase Finance offers instant disbursement of funds, which means that businesses in Bilaspur can access the funds they need quickly and without any delays. This helps businesses to seize opportunities as they arise and stay ahead of the competition.

In conclusion, Oxyzo Purchase Finance is an excellent financing solution for businesses in Bilaspur, providing them with the affordable, flexible, and fast financing they need to grow and thrive.

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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