Vendor Finance in Coimbatore

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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: Hassle-free Financing Solutions in Coimbatore

Oxyzo Vendor Finance is a leading financing solution provider in Coimbatore, Tamil Nadu, offering innovative and hassle-free financing solutions for both buyers and suppliers. With a strong focus on digital technology, Oxyzo Vendor Finance aims to make financing easily accessible to businesses of all sizes, providing them with the necessary funds to drive growth and achieve their goals.

About Coimbatore

Coimbatore is one of the fastest-growing cities in India, located in the state of Tamil Nadu. It is known for its industrial development, educational institutions, and healthcare facilities. The city is home to a vast number of small and medium-sized enterprises (SMEs) that contribute significantly to its economy. With a vibrant business community, Coimbatore is an ideal location for businesses seeking growth opportunities and access to new markets.

Benefits for Buyers

Oxyzo Vendor Finance offers a range of benefits to buyers looking for financing solutions in Coimbatore. One of the key advantages is high scalability, which means that businesses can scale up their operations quickly and efficiently. With Oxyzo Vendor Finance, buyers can access the funds they need to grow their businesses without the need for collateral or security.

Another significant benefit of Oxyzo Vendor Finance is the digital and hassle-free financing process. The application process is simple, and buyers can apply online from anywhere at any time, saving time and effort. The digital platform also ensures transparency and easy access to loan details, making it easy for buyers to manage their finances.

Furthermore, Oxyzo Vendor Finance is cheaper than supplier credit, providing buyers with a cost-effective financing solution. This means that businesses can save money on interest rates and fees, allowing them to invest more in their core business activities.

Benefits for Suppliers

Oxyzo Vendor Finance also provides several benefits for suppliers in Coimbatore. One of the most significant advantages is improved working capital cycles. With Oxyzo Vendor Finance, suppliers can access working capital instantly, enabling them to fulfill orders and manage their cash flow more efficiently.

Another critical benefit of Oxyzo Vendor Finance is the unsecured credit line. Suppliers do not have to pledge any collateral or security, making it easier for them to access financing. This also reduces the risk for suppliers, as they do not have to worry about losing their assets in case of default.

Finally, Oxyzo Vendor Finance offers instant disbursement, ensuring that suppliers can access the funds they need quickly and easily. This enables them to meet their business needs without any delays or disruptions.

Conclusion

Oxyzo Vendor Finance is an ideal financing solution provider for businesses in Coimbatore, offering innovative and hassle-free financing solutions to both buyers and suppliers. With its focus on digital technology, Oxyzo Vendor Finance makes financing easily accessible, transparent, and cost-effective. Whether you are a buyer looking for high scalability and cost-effective financing or a supplier seeking improved working capital cycles and unsecured credit lines, Oxyzo Vendor Finance is the ideal partner for all your financing needs.

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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