Purchase Finance in Bhubaneswar

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

Bhubaneswar, the capital city of Odisha, is a rapidly growing business hub with a thriving economy. As businesses in Bhubaneswar continue to grow, the need for financial assistance has become increasingly important. Oxyzo Purchase Finance is a leading provider of financial solutions to businesses in Bhubaneswar. Our services are designed to help businesses improve their working capital cycles, reduce procurement costs, and grow revenue and profitability.

One of the biggest advantages of using Oxyzo Purchase Finance is the ability to procure goods and services at a much lower cost. By leveraging our strong relationships with suppliers, we are able to negotiate better prices and pass on these savings to our clients. This helps businesses in Bhubaneswar save money and improve their bottom line.

Another benefit of using Oxyzo Purchase Finance is the improved working capital cycle. With our financing solutions, businesses can access the funds they need to pay their suppliers on time, without having to wait for their customers to pay their bills. This helps improve cash flow and reduces the risk of late payments and penalties.

At Oxyzo Purchase Finance, we also pride ourselves on our digital and simplified process. We understand that time is of the essence for businesses, and that’s why we’ve designed our process to be quick and easy. Our online application process is user-friendly and can be completed in just a few minutes.

Our collateral-free line of credit is another advantage of our services. With our revolving credit facility, businesses can access the funds they need without having to put up collateral. This provides businesses with greater flexibility and the ability to use their assets to grow their business.

Additionally, our instant disbursement process means that businesses can access funds quickly and efficiently. This is crucial for businesses that need funding for time-sensitive projects or unexpected expenses.

Interest rates are charged as per usage, which means businesses only pay for the funds they use. This helps keep costs down and ensures that businesses are not burdened with unnecessary expenses.

In summary, Oxyzo Purchase Finance provides a range of financial solutions designed to help businesses in Bhubaneswar reduce costs, improve their cash flow, and grow their business. With our digital and simplified process, collateral-free line of credit, and instant disbursement, businesses can get the funds they need quickly and easily. Contact us today to learn more about our services and how we can help your business.

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.
HomeProducts By LocationsPurchase Finance in Bhubaneswar