Purchase Finance in Dindigul

RBI Registered

RBI Registered NBFC

Download our App!
+91

Available on

Download AppDownload App
Download App

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
Our New App is Live!
Fuel Your Business Dreams with OXYZO
+91
Scan to get App
title
title
title

Enhanced Security Features

title

Hassle-free Loan Applications

title

Simplified Documentation Process

title

Get Disbursals on the Fly

title

Ledger on Your Fingertips

title

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 financial service provider that aims to help businesses in Dindigul grow and succeed. Dindigul is a city in Tamil Nadu that is known for its rich cultural heritage and is also an important industrial center. With a growing number of businesses in the city, Oxyzo Purchase Finance is here to provide them with the financial support they need to thrive.

One of the major benefits of using Oxyzo Purchase Finance is that it allows businesses to procure goods and services at a much cheaper rate. This can help them reduce their costs and increase their profitability. Additionally, the improved working capital cycles offered by Oxyzo Purchase Finance can help businesses manage their cash flow better and avoid any cash crunches.

The digital and simplified process offered by Oxyzo Purchase Finance makes it easy for businesses to apply and get approved for a line of credit. The collateral-free line of credit also makes it easier for businesses to access the funds they need without having to put up any collateral. This can be particularly useful for businesses that may not have a lot of assets to pledge.

Using Oxyzo Purchase Finance can also help businesses grow their revenue and profitability. The instant disbursement of funds means that businesses can quickly take advantage of opportunities as they arise. The interest charged by Oxyzo Purchase Finance is also based on usage, which means businesses only pay for what they use.

Finally, the revolving credit facility offered by Oxyzo Purchase Finance can provide businesses with ongoing access to funds. This can be particularly useful for businesses that have regular cash flow needs or are looking to grow and expand their operations.

In conclusion, Oxyzo Purchase Finance is a great financial service provider for businesses in Dindigul. Its benefits of cheaper procurement, improved working capital cycles, digital and simplified process, collateral-free line of credit, growth in revenue and profitability, instant disbursement, interest as per usage, and revolving credit make it an attractive option for businesses looking for financial support.

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.
HomeProducts By LocationsPurchase Finance in Dindigul

Ask Queries, learn about products and much more

WhatsApp Us