Vendor Finance in Bihar

RBI Registered

RBI Registered

How does Vendor Finance Work?

How does Vendor Finance
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Vendor Finance Benefits

For BuyersFor Buyers

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

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

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
Financials for previous
Financials for previous 2 fiscal years
for current fiscal year
GSTR details for current fiscal year

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

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.
NOTE: No processing fee is being charged by Oxyzo before the sanction of the loan. Any individual claiming otherwise must not be entertained.
Please report such activity on getsupport@oxyzo.in
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