Purchase Finance in Chhattisgarh

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 a leading provider of working capital solutions to small and medium-sized businesses in Chhattisgarh. Chhattisgarh is a state in central India known for its rich cultural heritage and natural beauty. It is the 17th largest state in India by area and has a population of over 29 million people.

One of the main benefits of using Oxyzo Purchase Finance in Chhattisgarh is the ability to procure goods and services at a cheaper cost. This can help businesses save money and improve their bottom line. Additionally, Oxyzo Purchase Finance offers an improved working capital cycle, which can help businesses manage their cash flow more effectively.

Another benefit of using Oxyzo Purchase Finance is the digital and simplified process for obtaining financing. This makes it easier and more convenient for businesses to get the funding they need to grow and expand.

Oxyzo Purchase Finance also offers a collateral-free line of credit, which means that businesses do not need to provide any collateral in order to secure financing. This can be especially beneficial for small businesses that may not have a lot of assets to pledge as collateral.

Using Oxyzo Purchase Finance can also help businesses grow their revenue and profitability by providing the funding they need to invest in new equipment, inventory, or marketing campaigns.

In addition, Oxyzo Purchase Finance offers instant disbursement of funds, which means that businesses can access the funding they need quickly and easily. The interest rate charged by Oxyzo Purchase Finance is also based on usage, which means that businesses only pay interest on the amount of funds they actually use.

Finally, Oxyzo Purchase Finance offers a revolving line of credit, which means that businesses can use and repay the funds as needed. This provides flexibility and can help businesses manage their cash flow more effectively.

Overall, Oxyzo Purchase Finance is an excellent choice for businesses in Chhattisgarh that need working capital to grow and expand. With its many benefits, including cheaper procurement, improved working capital cycles, digital and simplified processes, collateral-free financing, revenue and profitability growth, instant disbursement, interest as per usage, and revolving credit, Oxyzo Purchase Finance is a great option for businesses of all sizes and industries.

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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