Work Order Finance in Tamil Nadu

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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

Tamil Nadu, located in southern India, is a hub for industries such as textiles, automotive, and electronics. Small and medium-sized enterprises (SMEs) are significant contributors to the state’s economy, and they play a crucial role in generating employment and income. However, these SMEs often face financial constraints that can impact their growth potential. Oxyzo Work Order Finance is a solution that can help SMEs in Tamil Nadu overcome these financial challenges.

With Oxyzo Work Order Finance, businesses can get instant disbursement of funds against their work orders, without any collateral or complicated paperwork. This helps SMEs in Tamil Nadu to manage their working capital more efficiently and stay competitive in their respective industries. By enabling quick access to working capital, Oxyzo Work Order Finance can help businesses to take advantage of new growth opportunities and expand their operations.

Moreover, Oxyzo Work Order Finance can help increase revenue potential for businesses in Tamil Nadu. With a steady flow of working capital, businesses can fulfill orders on time, build their reputation for reliability, and attract more clients. This can lead to more business and higher revenue, which can be reinvested into the business to fund further growth.

In addition, Oxyzo Work Order Finance can strengthen the supply chain of businesses in Tamil Nadu. By enabling SMEs to access working capital more easily, they can pay their suppliers on time and maintain good relationships with them. This can help SMEs in Tamil Nadu to negotiate better prices with their suppliers, which can lead to cost savings and increased profitability.

Oxyzo Work Order Finance is an ideal solution for SMEs in Tamil Nadu that require quick and easy access to working capital. With a hassle-free application process, no collateral requirements, and instant disbursement of funds, Oxyzo Work Order Finance can help businesses to overcome financial constraints and achieve their growth potential.

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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