Purchase Finance in Chandigarh

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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 institution offering innovative solutions for businesses in Chandigarh. Chandigarh, the capital of two states, Punjab and Haryana, is known for its modern architecture and planned development. The city has a thriving business ecosystem with a diverse range of industries, including pharmaceuticals, IT, textiles, and tourism.

Oxyzo Purchase Finance provides businesses in Chandigarh with access to a cheaper procurement process. By leveraging their extensive network of suppliers, they negotiate better prices on behalf of their clients. This results in significant cost savings for businesses, allowing them to invest in growth and expansion.

Improved working capital cycles are another benefit of partnering with Oxyzo Purchase Finance. By providing businesses with collateral-free lines of credit, they can manage their cash flow more efficiently and avoid the delays and hassles associated with traditional financing options.

Oxyzo Purchase Finance also offers a digital and simplified process for their clients. With their easy-to-use online platform, businesses can apply for financing, track their progress, and access funds quickly and securely.

One of the most significant advantages of working with Oxyzo Purchase Finance is the ability to grow revenue and profitability. By accessing affordable financing, businesses can invest in new opportunities, expand their product lines, and increase their customer base.

The instant disbursement of funds is another key benefit. Oxyzo Purchase Finance understands the urgency of business needs and provides quick access to funds to ensure that their clients can take advantage of new opportunities as they arise.

Interest rates are calculated based on the actual usage of funds, providing businesses with the flexibility to use only what they need and pay only for what they use. This allows businesses to save on interest costs and manage their finances more effectively.

Finally, Oxyzo Purchase Finance provides revolving credit facilities, allowing businesses to access financing as and when they need it, without having to reapply for funding each time. This provides businesses with ongoing support and ensures they have access to the funds they need to grow and thrive.

In conclusion, Oxyzo Purchase Finance is an excellent choice for businesses in Chandigarh looking for a more efficient, cost-effective, and flexible way to manage their finances. With their innovative solutions, businesses can focus on growth and expansion, knowing that they have a reliable partner by their side.

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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