Purchase Finance

Procure raw materials for your business at the right price with our working capital finance solution

RBI Registered

RBI Registered

How does Purchase Finance Work?

How does Purchase Finance <span class="span">Work?</span>
play_arrow

Purchase Finance Benefits

Cheaper procurement

Cheaper procurement

Pay your suppliers upfront and get raw materials at the best rates

Improved working capital cycles

Improved working capital cycles

Manage your working capital better by solving cash flow issues

Digital and simplified process

Digital and simplified process

Apply for credit line online with a few clicks.

Collateral-free line of credit

Collateral-free line of credit

The unsecured working capital does not require land, property, BG or any other collateral

Grow revenue and profitability

Grow revenue and profitability

Reduce your input cost and book more profits

Instant disbursement

Instant disbursement

Receive funds against submission of supplier invoices instantly

Interest as per usage

Interest as per usage

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

Revolving credit

Revolving credit

60-120 days rotation cycle to meet working capital needs

Eligibility & Required Documents

Apply with minimal documentation

Eligibility

Minimum turnover <strong>₹3 crores</strong>
Minimum turnover ₹3 crores
Business vintage <strong>3+ years</strong>
Business vintage 3+ years

Required Documents

<strong>KYC</strong> details
KYC details
Last <strong>6 months</strong> of banking
Last 6 months of banking
Financials for previous <strong>2 fiscal years</strong>
Financials for previous 2 fiscal years
<strong>GSTR details</strong> for current fiscal year
GSTR details for current fiscal year

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

Savings upto 3% on raw material purchases

Savings upto 3% on raw material purchases

Unsecured working capital

Unsecured working capital

Affordable interest rates

Affordable interest rates

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

Convenient repayments

Convenient repayments

Approval within 48 hours

Approval within 48 hours

One-time processing fee

One-time processing fee

Digitized process

Digitized process

Know about Purchase Finance

Purchasing Finance is the working capital financing solution provided to SMEs. Due to a lack of cash flow, SMEs are forced to buy raw materials at higher prices and tend to lose opportunities from reputable customers. In such situations, SMEs can consider purchase finance solution to bridge the working capital gap. It will help the SMEs get cash discounts on raw materials by making upfront payment to suppliers and also aids in the growth of the enterprise both on the bottom line and on the top line. Purchase financing solution enables enterprises to meet short term finance needs.
Oxyzo, the SME-centric RBI-registered NBFC, offers smart business financing solutions such as purchase finance to its clients at low-interest rates. It is a 100% digitized hassle-free process with no hidden charges.

Frequently Asked Questions

What is the purpose of purchase finance ?
remove_circle_outline add_circle_outline
Purchase finance is a working capital loan offered to SMEs for purchasing raw materials on advance payment terms.
Does Oxyzo provide unsecured purchase finance only ?
remove_circle_outline add_circle_outline
No, Oxyzo provides both secured and unsecured working capital limit to SMEs. Unsecured purchase finance is completely collateral-free while secured purchase finance is given against bank guarantee or residential/commercial property
Is purchase finance similar to cash credit ?
remove_circle_outline add_circle_outline
Yes
What is the eligibility for purchase finance ?
remove_circle_outline add_circle_outline
The working capital loan eligibility depends on the business vintage and turnover. SMEs must have a minimum turnover of 3 crores and a business vintage of atleast 3 years to apply online.
What is the maximum working capital limit offered by Oxyzo for purchase finance ?
remove_circle_outline add_circle_outline
It depends on the eligibility, your requirement and our comfort. If you meet our basic guidelines and our team has comfort in terms of credit assessment, we offer a decent working capital limit.
NOTE: No processing fee is being charged by Oxyzo before the sanction of the loan. Any individual claiming otherwise must not be entertained.
Please report such activity on getsupport@oxyzo.in
© 2023 Oxyzo Financial Services Pvt. Ltd. All Rights Reserved