Purchase Finance in Chennai

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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 in Chennai: A Solution for Your Business Needs

In today’s fast-paced business environment, staying ahead of the competition requires quick and easy access to working capital. This is where Oxyzo Purchase finance comes in. Oxyzo is a leading provider of short-term business loans in Chennai, offering Purchase finances to help businesses grow and expand. With its many benefits, Oxyzo Purchase finance is an ideal solution for businesses in Chennai looking for quick and easy access to working capital.

Cheaper Procurement: Oxyzo Purchase finance allows businesses in Chennai to access the funds they need to purchase the goods and supplies they need at a much lower cost. With a lower cost of procurement, businesses can improve their bottom line, making it easier to grow and expand.

Improved Working Capital Cycles: Oxyzo Purchase finance helps businesses in Chennai improve their working capital cycles. By providing instant access to working capital, businesses can quickly and easily meet their short-term needs and maintain their operations.

Digital and Simplified Process: Oxyzo Purchase finance offers a digital and simplified loan application process. With a quick and easy online application, businesses can apply for a loan from the comfort of their own homes or offices.

Collateral-Free Line of Credit: Oxyzo Purchase finance offers a collateral-free line of credit, allowing businesses in Chennai to access the funds they need without having to put up any collateral. This is a great option for businesses that may not have the assets to secure a traditional loan.

Grow Revenue and Profitability: Oxyzo Purchase finance helps businesses in Chennai grow their revenue and profitability. With instant access to working capital, businesses can take advantage of new opportunities and grow their operations.

Instant Disbursement: Oxyzo Purchase finance offers instant disbursement of funds, allowing businesses in Chennai to quickly access the funds they need to meet their short-term needs.

Interest as per Usage: Oxyzo Purchase finance offers interest rates that are based on usage, allowing businesses in Chennai to only pay for the funds they use. This helps to reduce the cost of borrowing and improve their bottom line.

Revolving Credit: Oxyzo Purchase finance offers a revolving line of credit, allowing businesses in Chennai to access the funds they need whenever they need them. This is a great option for businesses that may have unpredictable cash flow needs.

Chennai, the Capital of Tamil Nadu, is a vibrant and growing city. With a thriving economy and a large business community, Chennai offers many opportunities for businesses to grow and succeed. Oxyzo Purchase finance is an ideal solution for businesses in Chennai looking for quick and easy access to working capital. With its many benefits, Oxyzo Purchase finance helps businesses in Chennai grow and expand, improving their bottom line and taking advantage of new opportunities.

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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