Vendor Finance in Tamil Nadu

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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

Tamil Nadu, located in the southern part of India, is a state known for its rich cultural heritage and vibrant economy. It is also one of the fastest-growing states in the country with a strong focus on innovation and entrepreneurship. Oxyzo Vendor Finance, a leading provider of vendor finance solutions, has recognized the immense potential of Tamil Nadu and has set up operations in the state.

For buyers, Oxyzo Vendor Finance provides a high-scalable digital platform that is hassle-free and cheaper than supplier credit. With the rapid digitization of the economy, buyers can now avail of vendor finance solutions through a secure online portal, saving time and reducing paperwork. Oxyzo Vendor Finance’s platform provides instant credit approval, making it easier for buyers to manage their finances and plan for future purchases.

One of the most significant advantages of vendor finance solutions is the cost savings they offer. With Oxyzo Vendor Finance, buyers can enjoy lower interest rates and reduced processing fees, making it a more affordable option than traditional supplier credit. The company’s focus on technology and automation also ensures that buyers can access these solutions quickly and efficiently.

For suppliers, Oxyzo Vendor Finance provides an unsecured credit line, improved working capital cycles, and instant disbursement. This means that suppliers can get paid faster and with greater certainty, improving their cash flow and overall financial stability. Oxyzo Vendor Finance’s platform also provides real-time visibility into payment status, giving suppliers greater control over their finances.

In conclusion, Oxyzo Vendor Finance’s presence in Tamil Nadu is a significant boon for both buyers and suppliers in the state. With its high-scalable and digital platform, the company is well-positioned to provide cost-effective, hassle-free vendor finance solutions to businesses across the state. Whether you’re a buyer looking to manage your finances better or a supplier looking to improve your cash flow, Oxyzo Vendor Finance is the ideal partner to help you achieve your financial goals.

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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