Lenders:
Individuals who want to lend money online, can visit www.oxyloans.com and select lend money tab, select the type of loan you are interested to lend, enter lending amount ( Maximum you can lend 10 lakhs in a year)
Enter your email id and click get started, which will direct you to Member sign up page, enter the details and get registered.

Borrowers:
Individuals who want to borrow money online, can visit www.oxyloans.com and select borrow money tab, select the type of loan you are interested to Borrow, enter amount you want to borrow( Minimum is at 5000, Maximum is at 10 lakhs in a year)
Enter your email id and click get started, which will direct you to Member sign up page, enter the details and get registered.

eKYC integration helps in verification of documents of the individual to ensure authenticity and curb duplication of accounts.
Mobile number, email id and authentic scan copy issued by Government, signed by the user.

Social media profile is verified to validate the information given during registration.

Borrower after registration and verification through eKYC integration submits a loan request based on his requirements.

Based on the initial type of loan lender wanted to lend, OxyLoans engine maps with suitable borrowers.

After a mutual agreement between Lender and borrower on the terms and norms of loan repayment, the number of installments, loan duration, further processing of the loan is initiated.

Based on the interest rates and duration of repayment from different lenders, borrower selects one of the quotes whichever is feasible for him/her.

After accepting all the terms and conditions an agreement is signed online to initiate the transaction.

OxyLoans team validates the agreement and other documents related to the transaction between the lender and the borrower.

IDFC bank takes care of the loan principal disbursement and EMI collections between the lender and the borrower.

The funds released by the lender is transferred to the IDFC bank to borrowers account.