Vendor Finance in Dindigul

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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 the way to go. Oxyzo is a leading digital platform that provides seamless vendor financing solutions to both buyers and suppliers. In this article, we’ll delve into the benefits of Oxyzo Vendor Finance for both buyers and suppliers in Dindigul.

About Dindigul
Dindigul is a city located in the Indian state of Tamil Nadu. It is known for its rich cultural heritage, historic temples, and delicious cuisine. Dindigul is also a hub for textiles, leather products, and agro-based industries. The city has a growing economy, making it an ideal place for businesses to thrive. With the help of Oxyzo Vendor Finance, buyers and suppliers in Dindigul can take advantage of the growing market and expand their businesses.

Benefits for Buyers
Oxyzo Vendor Finance offers several benefits to buyers in Dindigul. One of the most significant advantages of using Oxyzo is high scalability. With Oxyzo, buyers can scale their businesses without worrying about the financial constraints of purchasing goods in bulk. Oxyzo provides buyers with flexible payment terms, making it easier for them to manage their cash flows.

Another benefit of using Oxyzo Vendor Finance is that it is digital and hassle-free. Buyers can apply for financing online, and the entire process is automated, making it quick and easy. Oxyzo also offers competitive interest rates, making it cheaper than traditional supplier credit.

Benefits for Suppliers
Oxyzo Vendor Finance is not just beneficial to buyers, but also to suppliers in Dindigul. One of the key benefits of using Oxyzo is improved working capital cycles. Oxyzo provides suppliers with unsecured credit lines, allowing them to free up their working capital and invest in their businesses. This, in turn, helps them grow their businesses and take advantage of new opportunities.

Another benefit of using Oxyzo Vendor Finance is instant disbursement. Oxyzo provides suppliers with quick access to funds, ensuring that they have the working capital they need to keep their businesses running smoothly. This means that suppliers can focus on growing their businesses, rather than worrying about their finances.

In conclusion, Oxyzo Vendor Finance is an excellent option for both buyers and suppliers in Dindigul. With high scalability, digital and hassle-free processes, and competitive interest rates, buyers can take advantage of the growing market in Dindigul. On the other hand, suppliers can benefit from improved working capital cycles, unsecured credit lines, and instant disbursement. Oxyzo Vendor Finance is a game-changer in the world of vendor financing, and it’s definitely worth considering if you’re a buyer or supplier in Dindigul.

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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