Vendor Finance in Asansol

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

How does Vendor Finance Work?

Vendor Finance Benefits

For BuyersFor Buyers

Benefits
High scalability
High scalability
Complete big orders with multiple vendors flexibly and scale your business
Digital and Hassle-free
Digital and Hassle-free
Complete the entire process from sanction to disbursal online.
Cheaper than supplier credit
Cheaper than supplier credit
Get raw materials at the best rates by making an upfront payment

For SuppliersFor Suppliers

Benefits
Improved working capital cycles
Improved working capital cycles
Manage your working capital better and expand faster
Unsecured credit line
Unsecured credit line
The unsecured vendor finance is given without putting land or property as collateral.
Instant Disbursement
Instant Disbursement
Receive funds within 24-48 hours of vendor loan sanction

Vendor Finance Eligibility & Documents

Apply with minimal documentation

Eligibility

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Minimum turnover ₹3 crores
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Business vintage 3+ years

Required Documents

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KYC details
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Last 6 months of banking
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Financials for previous 2 fiscal years
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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 Vendor 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

Unsecured working capital

Unsecured working capital

Competitive interest rates

Competitive interest rates

Easy Repayment tenure

Easy Repayment tenure

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

Savings up to 3% on raw material purchases

Savings up to 3% on raw material purchases

100% digitized and simplified process

100% digitized and simplified process

Approval within 48 hours

Approval within 48 hours

One-time processing fee

One-time processing fee

Flexible Repayments

Flexible Repayments

Get Working capital with Vendor Finance

Oxyzo Vendor Finance is an innovative solution that helps small and medium-sized businesses in Asansol to streamline their financial operations. Asansol is a city in the state of West Bengal, India, known for its coal mines and steel plants. The city is also emerging as a hub for startups and small businesses, and Oxyzo Vendor Finance is here to support their growth.

For buyers, Oxyzo Vendor Finance offers high scalability, digital and hassle-free transactions, and cheaper credit compared to supplier credit. With Oxyzo, businesses can access unsecured credit lines that can help them finance their inventory and other business expenses without having to rely on their suppliers for credit.

The digital platform of Oxyzo Vendor Finance allows businesses to apply for credit online, get quick approval, and receive instant disbursement of funds. This means that businesses can get the financial support they need without having to go through the lengthy process of applying for credit from traditional lenders.

The benefits of Oxyzo Vendor Finance are not just limited to buyers. For suppliers, the platform offers improved working capital cycles, which means that they can get paid faster and more efficiently. This helps to free up cash flow and ensure that suppliers can focus on their core business activities.

With Oxyzo Vendor Finance, suppliers can also access an unsecured credit line that they can use to finance their own business operations. This can help them to grow their businesses, invest in new products and services, and take advantage of new market opportunities.

Overall, Oxyzo Vendor Finance is a win-win solution for both buyers and suppliers in Asansol. By leveraging the power of digital technology, Oxyzo is helping to drive growth and innovation in the local business community. If you are a small or medium-sized business in Asansol, be sure to check out Oxyzo Vendor Finance and see how it can help you grow your business.

Frequently Asked Questions

What are the documents required for vendor finance ?
SMEs can apply for vendor finance with the following documents :
  • KYC
  • Last 6 months of banking
  • GSTR details for the current financial year
  • Financial statements for the previous 3 financial years
  • Property document
Does Oxyzo provide collateral-free vendor finance ?
Yes
How is eligibility calculated for vendor finance ?
The eligibility depends on the business vintage and turnover. SMEs must have a minimum turnover of 3 crores and a business vintage of at least 3 years to apply online
What are the benefits of vendor financing for an anchor ?
In vendor financing or payables financing, the anchor gets the benefit of an off-balance-sheet facility, can negotiate the best procurement prices, and there is high scalability due to standard documentation which enables the anchor to onboard any number of vendors through a hassle-free process.
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