Purchase Finance in Gulbarga

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

Are you looking for a way to grow your business in Gulbarga without straining your finances? Oxyzo Purchase Finance is here to help. Our collateral-free line of credit can help you purchase the raw materials you need to run your business without having to worry about expensive upfront costs.

Gulbarga, also known as Kalaburagi, is a city located in the northern part of the Indian state of Karnataka. It is an important commercial hub in the region, with a strong focus on agriculture and industry. With Oxyzo Purchase Finance, businesses in Gulbarga can benefit from a range of financial solutions that can help them improve their procurement processes, streamline their working capital cycles, and grow their revenue and profitability.

One of the key benefits of using Oxyzo Purchase Finance is cheaper procurement. By providing businesses with a collateral-free line of credit, we can help them access the raw materials and supplies they need at a lower cost. This can be especially beneficial for small and medium-sized businesses that may not have the negotiating power to secure the best prices on their own.

In addition to cheaper procurement, Oxyzo Purchase Finance also offers an improved working capital cycle. By providing businesses with instant disbursement and a revolving credit facility, we can help them manage their cash flow more effectively, ensuring that they always have the funds they need to keep their operations running smoothly.

Another advantage of using Oxyzo Purchase Finance is our digital and simplified process. Our online application process is quick and easy, allowing businesses to apply for financing from the comfort of their own offices. And with interest rates that are based on usage, businesses can be sure that they are only paying for the funds they actually use.

Overall, Oxyzo Purchase Finance is an excellent choice for businesses in Gulbarga that are looking to grow and thrive. Contact us today to learn more about how our collateral-free line of credit can benefit 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.
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