Purchase Finance in Faridabad

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

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
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 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 digital lender that provides collateral-free purchase finance to businesses in Faridabad, a major industrial city located in the state of Haryana in northern India. Faridabad is known for its large-scale manufacturing and engineering industries and is home to many small and medium-sized enterprises (SMEs) that often face challenges in accessing affordable and timely financing.

Oxyzo’s purchase finance solution offers several benefits to businesses in Faridabad. Firstly, it enables cheaper procurement by providing funds to purchase raw materials, equipment, and other inputs at lower costs. This can help businesses reduce their operating costs and improve their margins, leading to increased profitability over time.

Secondly, Oxyzo’s purchase finance solution helps improve working capital cycles by providing businesses with a line of credit that can be used to purchase inputs and pay suppliers, without tying up their own cash reserves. This helps businesses manage their cash flow more effectively and avoid liquidity constraints that can affect their operations and growth.

Oxyzo’s purchase finance solution also offers a digital and simplified process, which means that businesses can apply for and access finance quickly and easily, without the need for extensive paperwork or physical visits to the lender’s office. This makes the process more convenient and accessible for SMEs, who may not have the time or resources to navigate complex financing procedures.

In addition, Oxyzo’s purchase finance solution offers an interest rate that is linked to usage, which means that businesses only pay interest on the amount they use, rather than a fixed rate on the entire credit line. This can help businesses save on interest costs and reduce their overall financing expenses.

Oxyzo’s purchase finance solution also offers revolving credit, which means that businesses can draw down and repay the credit line multiple times, based on their changing needs and cash flow requirements. This flexibility can help businesses manage their finances more effectively and respond to market opportunities and challenges in a timely manner.

Finally, Oxyzo’s purchase finance solution offers instant disbursement, which means that businesses can receive funds quickly and easily, without waiting for lengthy approval processes or paperwork. This can help businesses seize opportunities and meet urgent financing needs in a timely and efficient manner.

Overall, Oxyzo’s purchase finance solution offers several benefits to businesses in Faridabad, helping them access affordable and timely financing that can support their growth and profitability over time.

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.

Ask Queries, learn about products and much more

WhatsApp Us