Purchase Finance in Amravati

RBI Registered
RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

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 Purchase Finance Work?

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

Purchase Finance 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 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

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

Get Working capital with Purchase Finance

Oxyzo Purchase finance is the perfect solution for businesses in Amravati looking to improve their working capital cycles, grow revenue and profitability, and achieve digital and simplified loan procurement processes. The city of Amravati is known for its rich history and cultural heritage, as well as its thriving business community. With Oxyzo Purchase finance, businesses in Amravati can now take advantage of several benefits, including a cheaper procurement process, improved working capital cycles, a digital and simplified process, a collateral-free line of credit, and the ability to grow revenue and profitability.

One of the biggest advantages of Oxyzo Purchase finance is the cost-effectiveness of the procurement process. With Oxyzo Purchase finance, businesses in Amravati can save money by avoiding the high-interest rates and fees associated with traditional bank loans. Additionally, the loan application process is simple and streamlined, making it easy for businesses to get the financing they need quickly and efficiently.

Another key benefit of Oxyzo Purchase finance is the improved working capital cycles. With a revolving line of credit, businesses in Amravati can manage their cash flow more effectively and make sure they always have the resources they need to grow and succeed. This also makes it easier for businesses to manage their finances, as they no longer have to worry about running out of cash in between payments or struggling to meet their financial obligations.

Oxyzo Purchase finance is also designed to be a digital and simplified process, which makes it easier for businesses to get the financing they need. With instant disbursement, businesses in Amravati can receive the funds they need within a matter of minutes, rather than having to wait for weeks or months to receive their loan. Additionally, the loan application process is quick and easy, allowing businesses to focus on growing their business rather than spending time and resources on loan procurement.

Another advantage of Oxyzo Purchase finance is that it is a collateral-free line of credit. This means that businesses in Amravati do not have to put up any assets or property as collateral, making it easier for them to access the financing they need. This also helps businesses to keep their assets and property safe and secure, which is especially important in today’s economic climate.

Finally, Oxyzo Purchase finance helps businesses in Amravati grow their revenue and profitability. With a line of credit that can be used to purchase inventory, purchase equipment, or pay bills, businesses can take advantage of new opportunities and increase their earning potential. Additionally, the interest on Oxyzo Purchase finance is only charged as per usage, which means that businesses only pay for what they use, rather than having to pay a fixed amount every month.

In conclusion, Oxyzo Purchase finance is the perfect solution for businesses in Amravati looking to improve their working capital cycles, grow revenue and profitability, and achieve a digital and simplified loan procurement process. With its cost-effective procurement process, improved working capital cycles, digital and simplified process, collateral-free line of credit, and ability to grow revenue and profitability, Oxyzo Purchase finance is the perfect solution for businesses in Amravati.

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.
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