Vendor Finance in Odisha

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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 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 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

Oxyzo Vendor Finance is a leading financial service that specializes in providing vendor financing solutions to businesses in Odisha. As a buyer or supplier in Odisha, partnering with Oxyzo Vendor Finance can help you scale your business to new heights, improve your working capital cycles, and access affordable and hassle-free financing.

Odisha, located in eastern India, is a state rich in natural resources, culture, and history. It is home to the famous Jagannath Temple, Konark Sun Temple, and beautiful beaches such as Puri and Chandipur. Odisha is also known for its vibrant textile and handicraft industries, steel plants, and mineral reserves, making it an attractive destination for businesses.

For buyers in Odisha, partnering with Oxyzo Vendor Finance can offer several benefits. Firstly, Oxyzo provides high scalability options, allowing businesses to grow and expand without worrying about financing constraints. Oxyzo’s digital and hassle-free financing process enables buyers to access funds quickly and conveniently, without the need for extensive paperwork or long waiting periods.

Moreover, Oxyzo Vendor Finance provides credit at a lower cost than supplier credit, which can help buyers reduce their cost of goods sold, improve profitability, and maintain a healthy cash flow. By working with Oxyzo, buyers in Odisha can access flexible financing options, enabling them to purchase larger quantities of goods, negotiate better prices, and build stronger relationships with suppliers.

For suppliers in Odisha, partnering with Oxyzo Vendor Finance can also provide numerous benefits. Oxyzo’s unsecured credit line enables suppliers to access financing without providing any collateral, which can help them preserve their working capital and focus on business operations. Oxyzo’s instant disbursement options also ensure that suppliers receive funds quickly and efficiently, enabling them to fulfill their orders and maintain a healthy cash flow.

In addition, partnering with Oxyzo Vendor Finance can help suppliers improve their working capital cycles by receiving payments sooner, reducing the need for costly borrowing, and improving their creditworthiness. By working with Oxyzo, suppliers in Odisha can access affordable and flexible financing options, enabling them to invest in new projects, expand their operations, and achieve their growth objectives.

In conclusion, Oxyzo Vendor Finance is a reliable financial partner for buyers and suppliers in Odisha. Its high scalability options, the digital and hassle-free financing process, lower cost of credit, and unsecured credit lines can help businesses grow, improve their cash flow, and achieve their financial goals. Whether you are a buyer or supplier in Odisha, partnering with Oxyzo Vendor Finance can help you stay ahead of the competition and realize your business’s full potential.

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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