Cheaper procurement
Pay your suppliers upfront and get raw materials at the best rates
Purchase Finance
Procure raw materials for your business at the right price with our working capital finance solution
RBI Registered NBFC
Check Your Loan Eligibility in Just 2 minutes!
Attractive interest rates
Unsecured upto 5 Crs
Approval within 48 hrs
Purchase Finance Eligibility & Documents
Apply with minimal documentation
Eligibility
Minimum turnover ₹3 crores
Business vintage 3+ years
Required Documents
KYC details
Last 6 months of banking
Financials for previous 2 fiscal years
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
Purchase Financing vs. Business Loans
Enter the loan amount, interest rate & loan tenure to compare
Purchase Finance
Foreclosure Charges
₹0.00
No Foreclosure Charges
Interest
₹0.00
Interest as per use
Total Payable
₹0.00
Pay Early & Save
Saved ₹0.00
Business Loan
Foreclosure Charges
₹0.00
Fixed Charges
Interest
₹0.00
Interest as per use
Total Payable
₹0.00
Fixed Charges
The calculations provided above are for illustrative purposes only. The actual amount and interest rates may vary based on factors such as creditworthiness, industry, and business type.
Purchase Finance Benefits
Improved working capital cycles
Manage your working capital better by solving cash flow issues
Digital and simplified process
Apply for credit line online with a few clicks.
Collateral-free line of credit
The unsecured working capital does not require land, property, BG or any other collateral
Grow revenue and profitability
Reduce your input cost and book more profits
Instant disbursement
Receive funds against submission of supplier invoices instantly
Interest as per usage
The interest rate would be charged only for the exact amount and duration of use
Revolving credit
60-120 days rotation cycle to meet working capital needs
How does Purchase Finance Work?
Our New App is Live!
Fuel Your Business Dreams with OXYZO
+91
Scan to get App
Enhanced Security Features
Hassle-free Loan Applications
Simplified Documentation Process
Get Disbursals on the Fly
Ledger on Your Fingertips
Enhanced Security Features
How to Apply for a Purchase 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
Savings upto 3% on raw material purchases
Unsecured working capital
Affordable interest rates
No foreclosure charges
No part-payment charges
No minimum utilization charges
No new bank account required
Convenient repayments
Approval within 48 hours
One-time processing fee
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 ?
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 ?
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 ?
Yes
What is the eligibility for purchase finance ?
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 ?
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.
