Vendor Finance in Chennai

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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 financial services company in Chennai that specializes in providing vendor financing solutions to businesses of all sizes. Located in the heart of Chennai, the company has been helping buyers and suppliers achieve their financial goals for several years. In this article, we will take a closer look at Chennai and the benefits of working with Oxyzo Vendor Finance.

About Chennai:

Chennai, also known as the “Detroit of India,” is the capital city of Tamil Nadu and is located on the Bay of Bengal. With a population of over 7 million people, it is the fourth-largest city in India and a major center for trade and commerce. The city is home to several leading businesses, including those in the automotive, technology, and manufacturing sectors.

Benefits for Buyers:

Working with Oxyzo Vendor Finance has several benefits for buyers. The first is high scalability, as the company provides financing solutions that can be tailored to meet the specific needs of each business. This means that as your business grows, you can rely on Oxyzo to provide the financing you need to keep up with demand.

The second benefit is digital and hassle-free financing. Oxyzo Vendor Finance understands that time is of the essence for businesses, which is why they offer quick and easy financing solutions that can be accessed online. This means that you can get the financing you need without having to deal with the lengthy paperwork and approval processes typically associated with traditional financing options.

Another benefit for buyers is that Oxyzo Vendor Finance’s solutions are often cheaper than supplier credit. This means that you can access the financing you need at a lower cost, which can help you improve your bottom line and increase your profitability.

Benefits for Suppliers:

Oxyzo Vendor Finance also provides several benefits for suppliers. The first is improved working capital cycles, as the company provides financing solutions that can help suppliers get paid faster. This means that suppliers can better manage their cash flow and invest in growth opportunities.

The second benefit is an unsecured credit line. This means that suppliers can access the financing they need without having to put up collateral, which can help reduce risk and increase flexibility.

Finally, Oxyzo Vendor Finance offers instant disbursement of funds, which means that suppliers can access the financing they need quickly and efficiently. This can help suppliers meet their financial obligations and take advantage of growth opportunities as they arise.

In conclusion, Oxyzo Vendor Finance is a leading financial services company in Chennai that provides tailored financing solutions to businesses of all sizes. With benefits for both buyers and suppliers, the company is well-equipped to help businesses achieve their financial goals and drive growth. Whether you are looking to scale your business or improve your working capital cycles, Oxyzo Vendor Finance is the right partner for you.

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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