Vendor Finance in Erode

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RBI Registered

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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

Eligibility & Required 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
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 Credit

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

Erode is a beautiful city in Tamil Nadu that is known for its textile industry. The city is also known for its rich cultural heritage and historic temples. With its bustling markets and beautiful landscapes, Erode is a great place for businesses to grow and thrive. One such business that is making waves in Erode is Oxyzo Vendor Finance.

Oxyzo Vendor Finance is a leading vendor financing company that provides financing solutions to both buyers and suppliers. The company has a wide range of financing options that are designed to meet the needs of businesses of all sizes. Here are some of the benefits of Oxyzo Vendor Finance for both buyers and suppliers.

Benefits for Buyers:

High scalability: With Oxyzo Vendor Finance, buyers can finance their purchases and scale their operations quickly. This means they can grow their business without worrying about capital constraints.

Digital and hassle-free: Oxyzo Vendor Finance’s digital platform makes the financing process quick and hassle-free. Buyers can easily apply for financing and receive funds within a few days.

Cheaper than supplier credit: Oxyzo Vendor Finance’s financing options are generally cheaper than supplier credit, which can help buyers save money in the long run.

Benefits for Suppliers:

Improved working capital cycles: Oxyzo Vendor Finance provides suppliers with access to working capital, which can help them manage their cash flow and improve their working capital cycles.

Unsecured credit line: Oxyzo Vendor Finance’s financing options are unsecured, which means that suppliers don’t need to provide collateral to access financing.

Instant disbursement: Oxyzo Vendor Finance’s digital platform allows for instant disbursement of funds to suppliers, which means they can receive financing quickly and without any delays.

In conclusion, Oxyzo Vendor Finance is a great financing solution for businesses in Erode. The company’s digital platform, high scalability, and affordable financing options make it an attractive choice for both buyers and suppliers. With Oxyzo Vendor Finance, businesses in Erode can grow and thrive.

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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