Work Order Finance in Bihar

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 Work Order Finance Work?

Work Order Finance Benefits

Instant disbursement

Instant disbursement

Get disbursements within two days to grow your business

Interest as per usage

Interest as per usage

The interest would be charged only for the exact amount and duration of use

Increase revenue potential

Increase revenue potential

Serve bigger orders to increase your sales

Strengthen supply chain

Strengthen supply chain

SMEs get pre-shipment as well as post shipment finance to run business smoothly

Work Order 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 Work Order 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

Collateral-free working capital

Collateral-free working capital

Approval within 48 hours

Approval within 48 hours

Easy repayment tenure

Easy repayment tenure

No minimum utilization charges

No minimum utilization charges

Low interest rates

Low interest rates

100% digitized

100% digitized

Get Working capital with Work order finance

Bihar is a state in eastern India with a rich history and diverse cultural heritage. Home to many ancient sites and pilgrimage destinations, the state is also a major hub for industries such as agriculture, textiles, and manufacturing. With such a thriving business environment, it’s no surprise that work order finance has become an increasingly popular solution for businesses looking to manage their cash flow and grow their operations. Oxyzo is a digital lender that specializes in providing work order finance solutions to businesses in Bihar, offering a range of financial products and services to help SMEs access quick and hassle-free finance.

One of the key benefits of Oxyzo’s work order finance services is instant disbursement. With the use of advanced algorithms and data analytics, the lender is able to quickly assess a business’s creditworthiness and disburse funds within hours of approval. This is a crucial feature for businesses in Bihar, which often require quick access to finance to meet urgent financial requirements, such as paying suppliers or managing working capital.

Another significant benefit of Oxyzo’s work order finance services is the potential to increase revenue. With quick access to finance, businesses can take on new work orders, increase their production capacity, and expand their customer base, all of which can lead to higher revenue and profits. This can be especially important for SMEs in Bihar, which often faces stiff competition from larger players and needs to be agile and responsive to stay ahead.

Lastly, Oxyzo’s work order finance services can also help to strengthen supply chains by providing funding to suppliers and other key partners. By improving cash flow and ensuring timely payments, businesses can build stronger relationships with their suppliers and improve their overall efficiency and productivity. This can be particularly beneficial for businesses in Bihar, which rely on a diverse range of suppliers and partners to operate effectively.

In conclusion, Oxyzo’s work order finance services offer many benefits to businesses in Bihar, including instant disbursement of funds, increased revenue potential, and strengthened supply chains. Whether you’re a small business owner or a larger enterprise, Oxyzo can help you access the finance you need to grow and thrive in the dynamic business landscape of Bihar. With its commitment to innovation and customer service, Oxyzo is an ideal partner for businesses looking to succeed in today’s fast-paced business environment.

Frequently Asked Questions

What is the purpose of work order finance ?
This type of sme finance is part of our supply chain financing solution which helps SMEs get working capital support for completing work orders given by government and large corporate bodies.SMEs thus serve large business volumes, increase revenue and scale up their business.
What are the documents required for a work order finance ?
SMEs are required to apply online for a work order loan with the following documents:
  • KYC
  • Last 6 months of banking
  • GSTR details for the current financial year
  • Financial statements for the previous 3 financial years
  • Work order copy
Is work order finance similar to purchase order finance ?
Yes
Does Oxyzo provide collateral-free work order finance ?
Yes
What is the maximum limit offered by Oxyzo for work order finance ?
It depends on the business requirement of the SME.
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