Vendor Finance in West Bengal

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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 a cutting-edge financial service provider that aims to empower buyers and suppliers in West Bengal. By leveraging the latest digital technology and innovative financing solutions, Oxyzo Vendor Finance is transforming the way businesses operate in the region. In this article, we’ll take a closer look at the benefits of Oxyzo Vendor Finance for both buyers and suppliers in West Bengal.

About West Bengal

West Bengal is a vibrant state located in the eastern part of India. It is known for its rich cultural heritage, diverse landscapes, and bustling cities. Kolkata, the capital city of West Bengal, is a major economic hub in the region and is home to several industries such as textiles, jute, and engineering. The state’s strategic location also makes it an ideal destination for businesses looking to expand their operations in the east.

Benefits for Buyers

High Scalability: Oxyzo Vendor Finance offers buyers the ability to scale their operations rapidly. With access to unsecured credit lines, businesses can quickly increase their purchasing power and take advantage of new opportunities.

Digital and Hassle-Free: Oxyzo Vendor Finance’s platform is entirely digital, making it easy for buyers to apply for financing and manage their accounts. The process is streamlined and hassle-free, with no need for physical paperwork or lengthy approval times.

Cheaper than Supplier Credit: Oxyzo Vendor Finance’s rates are more competitive than traditional supplier credit options. This means that buyers can access the funds they need at a lower cost, reducing their overall financing expenses.

Benefits for Suppliers

Improved Working Capital Cycles: Suppliers in West Bengal often face long payment cycles, which can put a strain on their cash flow. Oxyzo Vendor Finance helps suppliers improve their working capital cycles by providing instant payment on their invoices, allowing them to reinvest the funds into their business immediately.

Unsecured Credit Line: Oxyzo Vendor Finance offers unsecured credit lines to suppliers, which means they don’t have to provide collateral to access the funds. This is especially beneficial for small and medium-sized businesses that may not have assets to pledge as collateral.

Instant Disbursement: With Oxyzo Vendor Finance, suppliers can receive their funds instantly, eliminating the need to wait for payment from buyers. This improves their cash flow and allows them to focus on growing their business instead of worrying about cash flow issues.

In conclusion, Oxyzo Vendor Finance is a game-changer for businesses in West Bengal. With its high scalability, digital and hassle-free platform, competitive rates, and instant disbursement options, it is an excellent choice for both buyers and suppliers looking to take their operations to the next level. Whether you’re a small business looking to expand or a supplier looking to improve your cash flow, Oxyzo Vendor Finance can help you achieve your 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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