Vendor Finance in Davanagere

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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 service providing vendor financing solutions to businesses in Davanagere. Davanagere is a bustling city in the southern Indian state of Karnataka, known for its textile, education, and food industries. The city has a rich history and cultural heritage, making it an attractive destination for tourists and investors alike.

Oxyzo Vendor Finance offers a wide range of benefits to both buyers and suppliers in Davanagere. For buyers, Oxyzo Vendor Finance provides high scalability, digital and hassle-free financing solutions, and credit at a cheaper rate than supplier credit. Buyers can benefit from Oxyzo Vendor Finance’s quick and easy financing process, which allows them to access funds in a matter of hours. This can be particularly beneficial for businesses that require immediate access to capital to maintain their operations and grow their business.

Furthermore, Oxyzo Vendor Finance’s digital platform provides buyers with a seamless and paperless financing experience. The platform is user-friendly and allows buyers to manage their financing requests and track the status of their applications in real time. This level of transparency and efficiency helps businesses save time and money, allowing them to focus on their core operations.

In addition to these benefits, Oxyzo Vendor Finance also offers suppliers improved working capital cycles, unsecured credit lines, and instant disbursement. These benefits can be especially valuable for suppliers who need to maintain a steady cash flow to keep their operations running smoothly.

Improved working capital cycles help suppliers to manage their cash flow more effectively, enabling them to pay their bills on time and invest in their business growth. Unsecured credit lines are a valuable resource for suppliers who may not have sufficient collateral to secure traditional bank loans. With Oxyzo Vendor Finance, suppliers can access credit without the need for collateral, making it easier to obtain financing and grow their business.

Lastly, instant disbursement is a key feature that allows suppliers to receive their funds in a matter of hours, enabling them to make timely investments in their business. This feature can be particularly beneficial for suppliers who need to respond quickly to market changes or unexpected expenses.

In conclusion, Oxyzo Vendor Finance provides a comprehensive range of financing solutions for buyers and suppliers in Davanagere. With its high scalability, digital and hassle-free financing, and cheaper rates than supplier credit, Oxyzo Vendor Finance is an excellent choice for businesses looking to grow and expand their operations in the city. Moreover, with improved working capital cycles, unsecured credit lines, and instant disbursement, Oxyzo Vendor Finance is a valuable resource for suppliers looking to manage their cash flow and invest in their business growth.

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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