Invoice Discounting in Belgaum

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Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

How does Invoice Discounting Work?

Invoice Discounting Benefits

Interest as per usage

Interest as per usage

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

Quick working capital

Quick working capital

Get business working capital against unpaid invoices within 2 days

Improve receivables cycle

Improve receivables cycle

Accelerate your cashflows and run your business seamlessly

No paperwork

No paperwork

Complete the entire process online to avail bill discounting facility

Revolving credit

Revolving credit

Get 60-120 days to rotate the limit and reduce the working capital gap

Invoice Discounting Eligibility & Documents

Apply with minimal documentation

Eligibility

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Minimum turnover ₹3 crores
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Business vintage 3+ years

Required Documents

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KYC details
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Last 6 months of banking
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Financials for previous 2 fiscal years
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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 Invoice Discounting

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

Competitive rate of interest

Competitive rate of interest

No part-payment charges

No part-payment charges

100% digitized application process

100% digitized application process

No foreclosure charges

No foreclosure charges

Nominal processing fee

Nominal processing fee

No minimum utilization charges

No minimum utilization charges

Approval within 48 hours

Approval within 48 hours

Easy Repayments

Easy Repayments

Get Working capital with Invoice Discounting

Oxyzo Invoice Discounting: A Smart Financing Option for Businesses in Bareilly

Located in the northern state of Uttar Pradesh, Bareilly is a rapidly growing city that is home to a variety of businesses, ranging from small mom-and-pop stores to large manufacturing companies. While these businesses may have different needs, they all have one thing in common – the need for working capital. This is where Oxyzo Invoice Discounting can be of great help.

Oxyzo Invoice Discounting is a fintech company that offers invoice discounting services to businesses in Bareilly. Invoice discounting is a financing method where businesses sell their outstanding invoices to a third-party company in exchange for immediate cash. This is an excellent option for businesses that need quick working capital and don’t want to go through the hassle of traditional lending institutions. Here are some of the benefits of using Oxyzo Invoice Discounting:

Quick Working Capital: One of the most significant advantages of using Oxyzo Invoice Discounting is the speed at which businesses can access funds. In many cases, businesses can receive the funds they need within 24 hours of submitting their invoices. This can be a game-changer for businesses that need to pay their suppliers or cover other expenses quickly.

No Paperwork: Another advantage of using Oxyzo Invoice Discounting is the minimal paperwork required. Traditional lending institutions often require extensive documentation, which can be time-consuming and burdensome for businesses. With Oxyzo Invoice Discounting, businesses can complete the entire process online, eliminating the need for physical paperwork.

Revolving Credit: Finally, Oxyzo Invoice Discounting offers a revolving credit facility, which means that businesses can access funds on an ongoing basis as they generate new invoices. This can provide a valuable source of working capital for businesses, enabling them to grow and expand their operations.

In conclusion, Oxyzo Invoice Discounting is a smart financing option for businesses in Bareilly. With its quick funding process, minimal paperwork requirements, and revolving credit facility, Oxyzo Invoice Discounting can help businesses overcome their cash flow challenges and achieve their growth objectives. If you’re a business in Bareilly looking for a reliable financing partner, look no further than Oxyzo Invoice Discounting.

Frequently Asked Questions

What does invoice discounting mean ?
Invoice discounting or bill discounting is a receivables financing wherein you sell your unpaid invoices to a lender for immediate cash to strengthen your working capital cycles.
What are the advantages of invoice discounting ?
With invoice discounting, one can get paid against unpaid invoices and fulfill their working capital finance needs. There is no collateral required.
What is an escrow account ?
Escrow account is an arrangement in which escrow amount is held by the third party,usually a lender, on behalf of the buyer and seller that are in the process of completing a transaction. It facilitates secure and safe transactions as the third party has the first right of withdrawal in case of default.
What is the eligibility for invoice discounting ?
The eligibility for invoice discounting 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 for online invoice discounting.
What is the maximum limit offered by Oxyzo for invoice discounting ?
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 proportion of the invoice value.
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