Vendor Finance in Bihar

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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

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 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 a leading provider of vendor finance solutions in Bihar. Bihar is a state located in the eastern part of India, with a population of over 120 million people. Bihar is known for its rich cultural heritage, historical landmarks, and bustling economy. The state has a diverse mix of industries, ranging from agriculture to manufacturing, and is home to some of India’s biggest companies.

One of the main advantages of Oxyzo Vendor Finance in Bihar is its scalability. With Oxyzo Vendor Finance, businesses can access financing that can grow with their needs. This makes it an ideal solution for businesses that are expanding or have seasonal fluctuations in demand. By providing a scalable financing solution, Oxyzo Vendor Finance enables businesses to focus on growth without worrying about financing constraints.

Another benefit of Oxyzo Vendor Finance is its digital and hassle-free approach. Oxyzo Vendor Finance uses digital technology to streamline the financing process, from application to disbursement. This eliminates the need for paper-based processes and reduces the time and effort required to secure financing. With Oxyzo Vendor Finance, businesses can apply for financing online, track their application status in real-time, and receive funds directly in their bank account.

Oxyzo Vendor Finance also offers financing that is cheaper than supplier credit. This is because supplier credit typically comes with higher interest rates and fees. By contrast, Oxyzo Vendor Finance offers competitive interest rates and transparent fees, making it a more cost-effective financing solution for businesses. This can help businesses reduce their financing costs and improve their bottom line.

For suppliers, Oxyzo Vendor Finance offers improved working capital cycles. By providing an unsecured credit line, Oxyzo Vendor Finance enables suppliers to access funds when they need them, without tying up their working capital. This allows suppliers to manage their cash flow more effectively and take advantage of growth opportunities as they arise.

In addition, Oxyzo Vendor Finance offers instant disbursement, which means suppliers can receive funds within hours of applying. This provides suppliers with greater flexibility and control over their financing needs. With Oxyzo Vendor Finance, suppliers can access financing quickly and easily, allowing them to focus on their core business operations.

Overall, Oxyzo Vendor Finance offers a range of benefits for both buyers and suppliers in Bihar. With its scalable, digital, and cost-effective financing solutions, Oxyzo Vendor Finance is helping businesses across Bihar to grow 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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