Vendor Finance in Bihar

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

Bihar is a state in the eastern part of India that is home to a diverse range of industries and businesses. It is an important hub for agriculture, textiles, and manufacturing, with a thriving SME sector that plays a crucial role in the state’s economy. Oxyzo Vendor Finance is an innovative financial product that has been designed to support both buyers and suppliers in Bihar by providing a range of benefits.

For buyers in Bihar, Oxyzo Vendor Finance offers high scalability, digital and hassle-free operations, and cheaper credit options than supplier credit. With Oxyzo, buyers can enjoy the benefits of an unsecured credit line, which means they do not need to put up collateral to access the financing they need. This makes it easier for buyers to scale up their operations and take advantage of new business opportunities without having to worry about cash flow.

Oxyzo Vendor Finance also offers digital and hassle-free operations, which means that buyers can access financing quickly and easily without having to go through a lengthy application process. This saves time and makes it easier for buyers to focus on their core business activities. Finally, Oxyzo is cheaper than supplier credit, which means that buyers can access the financing they need at a lower cost, allowing them to increase their profitability and reinvest in their business.

For suppliers in Bihar, Oxyzo Vendor Finance offers improved working capital cycles, an unsecured credit line, and instant disbursement. Improved working capital cycles mean that suppliers can access the cash they need to fund their operations quickly and easily, without having to wait for long payment cycles. This helps suppliers to improve their cash flow, reduce their financial risk, and increase their profitability.

The unsecured credit line offered by Oxyzo Vendor Finance also provides suppliers with access to financing without having to put up collateral. This makes it easier for suppliers to access the financing they need to grow their business, without having to worry about the risk of losing assets.

Finally, Oxyzo Vendor Finance offers instant disbursement, which means that suppliers can access the cash they need quickly and easily. This helps suppliers to avoid cash flow problems and focus on their core business activities, rather than worrying about financing.

In conclusion, Oxyzo Vendor Finance is an innovative financial product that offers a range of benefits for both buyers and suppliers in Bihar. With its digital and hassle-free operations, unsecured credit line, and instant disbursement, Oxyzo is helping businesses in Bihar to grow, thrive, and succeed.

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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