Purchase Finance in Darbhanga

RBI Registered
RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

Ready to Apply? Here's What You'll Need

Eligibility Criteria

Minimum turnover
₹3 crores
Years of Operation
3+ years
Entities
  • Public Limited
  • Private Limited
  • Sole Proprietorship
  • Partnership

Required Documents

Business Proof
GSTIN
KYC Details
  • PAN Card
  • Aadhaar Card
Financial Documents (last 3 years)
  • Bank Statement
  • Balance Sheet
  • P&L Statement

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

Purchase Finance

BenefitsHow Purchase Finance work?How to ApplyWhy OxyzoFAQsApply Online

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 credit

Collateral free 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

Flexible Credit Terms

Flexible Credit Terms

60-120 days credit terms to meet working capital needs

How does Purchase Finance Work?

How to Apply for a Purchase Finance

Step-by-step online process to apply for Financing
Apply For Credit
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

Darbhanga is a city in the Indian state of Bihar, known for its rich cultural heritage and historical significance. It is the fifth-largest city in Bihar and has emerged as an important commercial hub in recent years. One of the key factors driving this growth is the availability of reliable and affordable financial services, including purchase finance.

Oxyzo Purchase Finance is one such service provider that is empowering businesses in Darbhanga to grow and prosper. By providing collateral-free lines of credit, Oxyzo Purchase Finance is enabling businesses to procure goods and services at a cheaper rate, thereby improving their working capital cycles. This, in turn, is helping businesses to grow their revenue and profitability.

One of the key advantages of using Oxyzo Purchase Finance is the digital and simplified process that they offer. This allows businesses to easily apply for finance and get instant approvals, without the need for cumbersome paperwork or extensive documentation. The instant disbursement of funds further adds to the convenience of the process, allowing businesses to focus on their core operations.

Moreover, Oxyzo Purchase Finance provides interest as per usage, which means that businesses only pay for the funds they use, and not for the entire credit limit. This ensures that businesses have greater control over their finances and can manage their cash flows more effectively. Additionally, the revolving credit feature of Oxyzo Purchase Finance means that businesses can draw down on their credit limit as and when required, making it a flexible financing option.

Overall, Oxyzo Purchase Finance is an ideal solution for businesses in Darbhanga looking to access affordable and reliable purchase finance. By providing a range of features and benefits, including digital and simplified processes, collateral-free lines of credit, and interest as per usage, Oxyzo Purchase Finance is helping businesses to grow and succeed.

Frequently Asked Questions

What is purchase finance and how does it work for SMEs?
Purchase Finance is a working capital loan offered by Oxyzo to SMEs for procuring raw materials by making upfront payments to suppliers. Oxyzo pays the supplier directly on the borrower's behalf, and the SME repays the credit within a flexible tenure of 60-120 days. This allows businesses to access bulk-purchase discounts (up to 3% savings), improve their working capital cycle, and avoid cash flow gaps without pledging any collateral.
Does Oxyzo provide only unsecured purchase finance, or are secured options available?
Oxyzo offers both secured and unsecured purchase finance. The unsecured variant -- which requires no collateral such as land, property, or bank guarantee -- is available for eligible SMEs with a minimum annual turnover of Rs 3 crores and at least 3 years of business operation. For businesses that wish to leverage assets, secured working capital limits are also offered with potentially higher credit amounts.
What is the eligibility criteria for purchase finance at Oxyzo?
To qualify for purchase finance at Oxyzo, a business must have a minimum annual turnover of Rs 3 crores and at least 3 years of business vintage. Eligible entity types include Public Limited companies, Private Limited companies, Sole Proprietorships, and Partnerships. KYC documents, GSTIN, 6 months of bank statements, and 3 years of financial statements are required.
What is the maximum credit limit available under purchase finance?
The credit limit under purchase finance is assessed individually and depends on the applicant's business turnover, creditworthiness, repayment history, and Oxyzo's credit assessment. Oxyzo offers unsecured working capital up to Rs 5 crores for eligible businesses. Higher limits may be available for secured facilities based on asset valuation and credit comfort.
What interest rate is charged on purchase finance?
Purchase finance at Oxyzo starts from 12% per annum. Interest is charged only on the exact amount drawn and for the actual number of days used -- not on the full sanctioned limit. There are no foreclosure charges, no part-payment charges, and no minimum utilization charges, making it significantly more cost-efficient than a traditional business term loan.
How quickly are funds disbursed after purchase finance approval?
Once the credit line is sanctioned and a supplier invoice is submitted, Oxyzo disburses funds directly to the supplier's account within 24-48 hours. The entire process is 100% digital, requiring no physical visits. Loan approval itself typically happens within 48 hours of submitting the required documents.
What is the difference between purchase finance and a regular business loan?
The core difference is in how and when interest is charged, and what the funds are used for. Purchase finance is a revolving credit line disbursed against specific supplier invoices -- you pay interest only on the amount used and for the exact days used, with no foreclosure or minimum utilization charges. A business term loan, by contrast, is disbursed as a lump sum with interest charged on the entire amount from day one, regardless of actual utilization. Purchase finance is best for recurring raw material procurement; a business loan suits one-time capital expenditure like buying machinery or expanding a facility.
Can I use purchase finance to pay multiple suppliers simultaneously?
Yes, Oxyzo's purchase finance credit line can be used to pay multiple suppliers from a single sanctioned limit. Each disbursement is triggered by submitting the respective supplier invoice, and Oxyzo pays each vendor directly. This makes it ideal for businesses that source raw materials from several vendors simultaneously, as it eliminates the need to manage separate credit arrangements with each supplier.
Is there a minimum loan amount for purchase finance at Oxyzo?
Oxyzo does not publicly state a strict minimum disbursement amount for purchase finance; the limit is customized based on each business's eligibility, purchase volumes, and credit assessment. However, given the minimum eligibility threshold of Rs 3 crores annual turnover and the operational focus on SME procurement cycles, the credit lines sanctioned are typically meaningful enough to cover realistic raw material procurement batches, often in the range of several lakhs to crores.
Does applying for purchase finance affect my CIBIL or credit score?
Checking your eligibility on Oxyzo's platform does not impact your credit score, as the initial check is a soft inquiry. However, when you formally apply and Oxyzo submits a credit inquiry with the bureau as part of the full underwriting process, it may reflect as a hard inquiry on your CIBIL report. This is standard practice across all regulated lenders. Responsible utilization and timely repayment of purchase finance will positively build your credit profile over time.
How is repayment structured for purchase finance -- is it EMI-based or bullet repayment?
Purchase finance at Oxyzo is structured with flexible credit terms of 60-120 days, typically aligned to the SME's business cycle and cash inflows. Repayment is not structured as a traditional EMI but rather as a revolving drawdown-and-repay cycle: once a drawdown is repaid, the credit limit becomes available again for the next purchase. This revolving structure is more cash-flow-friendly for businesses with regular procurement cycles compared to fixed EMI term loans.
Is Oxyzo a registered and regulated lender for purchase finance?
Yes. Oxyzo Financial Services Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). All lending activities -- including purchase finance -- are carried out under the regulatory framework prescribed by the RBI. This means Oxyzo is subject to RBI guidelines on interest rate disclosure, fair practices, grievance redressal, and borrower rights. Customers can verify Oxyzo's NBFC registration on the RBI's official NBFC list at rbi.org.in.

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