Purchase Finance in Coimbatore

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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

Purchase Finance Eligibility & 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 a Purchase Finance

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 offering collateral-free lines of credit to businesses in Coimbatore. Coimbatore, also known as the Manchester of South India, is a major commercial hub and a leading manufacturing center in Tamil Nadu. The city is home to a large number of small and medium-sized enterprises (SMEs) operating in various sectors, including textiles, engineering, and IT.

One of the main benefits of using Oxyzo Purchase Finance in Coimbatore is that it can help businesses procure goods and services at a cheaper rate. With a credit line from Oxyzo, businesses can negotiate better deals with suppliers and take advantage of bulk purchase discounts. This can help reduce their procurement costs and improve their profit margins.

Another advantage of using Oxyzo is that it can help businesses improve their working capital cycles. With access to a revolving line of credit, businesses can manage their cash flow more effectively and meet their short-term financial obligations without resorting to expensive loans or overdrafts. This can help reduce their dependence on costly credit facilities and improve their overall financial health.

The process of applying for and using Oxyzo’s credit line is also digital and simplified. Businesses can apply for credit online, submit their documents digitally, and receive funds within a few days. This makes the process fast, convenient, and hassle-free.

One of the key features of Oxyzo’s credit line is that the interest is charged only on the amount of credit utilized. This means that businesses only pay for the credit they use and not for the entire credit line. This can help businesses save money and manage their cash flow more effectively.

Oxyzo also offers instant disbursement of funds, which means that businesses can access the credit line as soon as they need it. This can help them take advantage of new business opportunities, respond quickly to market changes, and manage their working capital more effectively.

In conclusion, Oxyzo Purchase Finance in Coimbatore is a great option for businesses looking for a collateral-free line of credit. With benefits like cheaper procurement, improved working capital cycles, and digital and simplified processes, Oxyzo can help businesses grow their revenue and profitability while managing their cash flow more effectively.

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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