Purchase Finance in Mumbai

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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 – The Smarter Way to Finance Your Business in Mumbai

Mumbai, the financial capital of India, is known for its bustling economy and thriving businesses. With the city’s fast-paced growth, it’s essential for business owners to have access to quick and efficient financing solutions to keep up with the demands of their expanding companies.

Introducing Oxyzo Purchase finance, a smart financing solution for businesses in Mumbai. This loan offers several benefits that can help improve the financial stability and growth of your business. Here’s a look at some of the key features of the Oxyzo Purchase finance:

Cheaper Procurement – Oxyzo Purchase finance provides a cost-effective financing solution that helps businesses reduce procurement costs. By using this loan, businesses can purchase raw materials and other essential items at lower prices, which can lead to substantial cost savings.

Improved Working Capital Cycles – Oxyzo Purchase finance offers flexible repayment options that can help businesses manage their working capital more efficiently. This loan can improve the cash flow of your business and help you maintain a healthy balance between your income and expenses.

Digital and Simplified Process – The application process for Oxyzo Purchase finance is entirely digital, making it easy and convenient for businesses to apply for financing. The loan disbursal is also quick, and the entire process is transparent and streamlined, making it an excellent option for businesses in Mumbai.

Collateral-Free Line of Credit – Oxyzo Purchase finance is a collateral-free line of credit, which means that businesses do not have to provide any security to avail of this loan. This feature makes it an attractive option for businesses that do not have any collateral to offer.

Grow Revenue and Profitability – By using Oxyzo Purchase finance, businesses can purchase essential items and materials at lower prices, which can help increase their revenue and profitability. This loan can also help businesses maintain a healthy cash flow, which is critical to the growth of any business.

Instant Disbursement – Oxyzo Purchase finance offers instant disbursement, which means that businesses can access the funds they need within a short period. This feature is particularly useful for businesses that require quick financing to meet urgent needs.

Interest as per Usage – Oxyzo Purchase finance is a line of credit, which means that businesses only pay interest on the amount they use. This feature makes it an affordable and flexible financing option for businesses in Mumbai.

Revolving Credit – Oxyzo Purchase finance is a revolving line of credit, which means that businesses can withdraw and repay the loan multiple times. This feature makes it an excellent option for businesses that need financing for multiple purchases.

In conclusion, Oxyzo Purchase finance is an excellent financing option for businesses in Mumbai that need quick and efficient access to funds. With its many benefits, including cheaper procurement, improved working capital cycles, digital and simplified process, collateral-free line of credit, and more, Oxyzo Purchase finance is the smarter way to finance your business.

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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