Work Order Finance in Karnataka

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How does Work Order Finance Work?

Work Order Finance Benefits

Instant disbursement

Instant disbursement

Get disbursements within two days to grow your business

Interest as per usage

Interest as per usage

The interest would be charged only for the exact amount and duration of use

Increase revenue potential

Increase revenue potential

Serve bigger orders to increase your sales

Strengthen supply chain

Strengthen supply chain

SMEs get pre-shipment as well as post shipment finance to run business smoothly

Work Order 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 Work Order 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

Collateral-free working capital

Collateral-free working capital

Approval within 48 hours

Approval within 48 hours

Easy repayment tenure

Easy repayment tenure

No minimum utilization charges

No minimum utilization charges

Low interest rates

Low interest rates

100% digitized

100% digitized

Get Working capital with Work order finance

Oxyzo Work Order Finance is a leading financial services company in Karnataka that provides instant disbursement of funds, increases revenue potential, and strengthens the supply chain for small and medium-sized businesses. In this article, we will discuss the benefits of Oxyzo Work Order Finance for businesses in Karnataka.

Karnataka is a state in southwest India, known for its rich culture and heritage. The state has a diverse economy, with a mix of traditional and modern industries, including agriculture, manufacturing, and services. With the recent surge in entrepreneurship and startups in the state, there is a growing need for financial services that cater to the unique requirements of these businesses. Oxyzo Work Order Finance is one such service that can help businesses in Karnataka thrive.

One of the main advantages of Oxyzo Work Order Finance is the instant disbursement of funds. This can help businesses overcome short-term cash flow challenges, and ensure that they have the funds they need to meet their daily operational expenses. With Oxyzo Work Order Finance, businesses can access funds quickly and easily, without having to go through the cumbersome process of traditional financing.

Another benefit of Oxyzo Work Order Finance is that it can help businesses increase their revenue potential. By providing businesses with the necessary working capital, they can take on more orders and expand their operations. This can lead to increased revenue and profitability in the long run.

In addition to this, Oxyzo Work Order Finance can also help businesses strengthen their supply chain. With the right financing, businesses can ensure that they have the necessary raw materials and equipment to complete their orders on time. This can help them build strong relationships with their suppliers and customers, and improve their overall efficiency.

In conclusion, Oxyzo Work Order Finance is a valuable financial service for businesses in Karnataka. With its instant disbursement of funds, ability to increase revenue potential, and strength of the supply chain, it can help businesses achieve their goals and grow their operations. If you’re a business owner in Karnataka looking for financial assistance, consider Oxyzo Work Order Finance as your go-to option.

Frequently Asked Questions

What is the purpose of work order finance ?
This type of sme finance is part of our supply chain financing solution which helps SMEs get working capital support for completing work orders given by government and large corporate bodies.SMEs thus serve large business volumes, increase revenue and scale up their business.
What are the documents required for a work order finance ?
SMEs are required to apply online for a work order loan 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
  • Work order copy
Is work order finance similar to purchase order finance ?
Yes
Does Oxyzo provide collateral-free work order finance ?
Yes
What is the maximum limit offered by Oxyzo for work order finance ?
It depends on the business requirement of the SME.
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