Vendor Finance in Faridabad

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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: Empowering Business Growth in Faridabad

Faridabad, a major industrial hub in the state of Haryana, has been witnessing rapid growth in recent years. With a large number of small and medium enterprises (SMEs) operating in various sectors such as manufacturing, textiles, and engineering, Faridabad has emerged as a vital contributor to the Indian economy.

However, the growth of these businesses is often hindered by limited access to finance, particularly for small and medium-sized suppliers. This is where Oxyzo Vendor Finance comes in, offering an innovative and hassle-free solution to bridge the financial gap.

Benefits for Buyers

Oxyzo Vendor Finance provides high scalability for buyers, allowing them to meet the growing demands of their businesses without the burden of upfront payments. With a digital and hassle-free process, buyers can focus on their core operations while Oxyzo takes care of the financial transactions.

Moreover, Oxyzo Vendor Finance is often cheaper than supplier credit, offering cost-effective and flexible financing options to buyers. This helps them reduce their overall operational costs and increase their profitability.

Benefits for Suppliers

For suppliers, Oxyzo Vendor Finance offers a range of benefits to improve their working capital cycles. With an unsecured credit line, suppliers can access instant financing without having to provide any collateral. This enables them to increase their business volume and meet their financial obligations in a timely manner.

Oxyzo also offers instant disbursement of funds, allowing suppliers to avoid long waiting periods for payment. This helps them improve their cash flow and invest in the growth of their businesses.

In conclusion, Oxyzo Vendor Finance is a valuable solution for buyers and suppliers in Faridabad, providing access to affordable and hassle-free financing options. With its focus on digital processes and customer-centric approach, Oxyzo is poised to become a leading player in the vendor financing space in Faridabad and beyond.

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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