Purchase Finance in Nagpur

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

[object Object]
Minimum turnover ₹3 crores
[object Object]
Business vintage 3+ years

Required Documents

[object Object]
KYC details
[object Object]
Last 6 months of banking
[object Object]
Financials for previous 2 fiscal years
[object Object]
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
Our New App is Live!
Fuel Your Business Dreams with OXYZO
+91
Scan to get App
title
title
title

Enhanced Security Features

title

Hassle-free Loan Applications

title

Simplified Documentation Process

title

Get Disbursals on the Fly

title

Ledger on Your Fingertips

title

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 in Nagpur: A Digital Solution for Your Business

Nagpur, the orange city of India, is known for its rich history and cultural heritage. But, in recent times, it has also emerged as a hub for entrepreneurship and business growth. However, to fuel this growth, businesses require access to credit and financing options. This is where Oxyzo Purchase finance comes in as a game-changer for businesses in Nagpur.

Cheaper Procurement: Oxyzo Purchase finance enables businesses to procure raw materials, inventory, and other inputs at a much lower cost. With the help of this loan, businesses can negotiate better prices with suppliers and reduce their cost of procurement.

Improved Working Capital Cycles: Oxyzo Purchase finance provides a collateral-free line of credit, which helps businesses improve their working capital cycles. With this loan, businesses can pay suppliers on time, thereby improving their credit score and credibility.

Digital and Simplified Process: The entire loan process is digital and simplified, making it easy and convenient for businesses to apply and avail the loan. The online platform is user-friendly and offers a seamless experience to businesses.

Collateral-Free Line of Credit: Oxyzo Purchase finance is a collateral-free loan, which means businesses don’t have to provide any collateral to avail the loan. This makes the loan accessible to businesses of all sizes and reduces the risk involved.

Grow Revenue and Profitability: With the help of Oxyzo Purchase finance, businesses can increase their revenue and profitability. By procuring raw materials and inventory at a lower cost and improving their working capital cycles, businesses can enhance their bottom line.

Instant Disbursement: The loan is disbursed instantly, which means businesses can start using the loan amount right away. This helps businesses in reducing their procurement time and improving their efficiency.

Interest as per Usage: The interest on Oxyzo Purchase finance is charged only on the amount used. This means businesses only pay interest on the amount they have actually used, thereby reducing their overall interest cost.

Revolving Credit: Oxyzo Purchase finance is a revolving credit, which means businesses can use the loan amount multiple times, as and when required. This provides businesses with a flexible source of credit and helps them manage their cash flow more effectively.

In conclusion, Oxyzo Purchase finance in Nagpur is a game-changer for businesses looking for a digital, simplified, and accessible source of credit. With its numerous benefits and a seamless loan process, it is the perfect solution for businesses looking to grow and expand in Nagpur.

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 Nagpur