Yes, OxyLoans encourages you to complete the registration process. Upon 60% of completion of your profile, you are eligible to lend money.

Yes, we seek basic information and request you to upload govt. documents as proofs as you will be doing monetary transactions.

INR 5000 is the minimum amount to start lending. We suggest you lend small amounts to many people so that the risk is minimized.

You can lend for a minimum period of 1 month and a maximum period of 36 months. Term of the loan can be negotiated with borrower

Yes, lender and borrower can negotiate and fix the repayment date.

We suggest you lend to more people and charge the rate of interest based on their profile strength. We suggest you to charge starting from 12% per year to 36% per year and maintain 24% average returns across loans.

Soft scare: OxyLoans Team we will be collecting his office and home locations and If the payment is not done, we from oxyloans telecaller will call to borrower and ask for payment. If the borrower is not responding over the calls we send emails and messages, still if the borrower is not responding we will ask our executives visit their location and ask gently. If the borrower is not ready to pay then we will suggest borrower to reach our legal team move file legally.

Each section in your ‘My Profile’ segment has been assigned a unique weightage. Once you have filled-in the required details in a particular section & go ahead to ‘Save’ it, the profile completion percentage will automatically increase based on the assigned weightage. Once all the sections are filled correctly, 100% of the profile is completed. The following is the weightage structure for available Profile sections:

Yes, we follow the same strict procedure in processing the KYC with respect to both borrowers and lenders.

We suggest the following types of repayment methods: Pay Interest monthly & Principal Later: Lender and borrower agree on monthly interest only an d principal to be paid as a whole/half amount. In such case interest calculations are simple. Example: If a user borrowed INR 1 Lakh @ 2% interest per month, Borrower needs to pay INR 2,000 every month and clear off principal as full or part. In case if the borrower pays off INR 50,000 in the middle of the loan term then Interest to be paid is only INR 1,000 per month till INR 50,000 paid. Flat EMI Method: Borrower needs to pay an EMI every month until the end of the loan term. In this method, both principal and interest need to be paid on monthly basis to the agreed loan term Reduced Balance Method:Borrower needs to pay an EMI every month but the EMI will keep reducing every month. In this method also, both Principal and Interest are paid on monthly basis to the agreed loan term. In such case, it will be monthly reducing balance method

Once the agreement is signed based on the agreed terms, the lender will be given access to the account details and personal details of the borrower so that they can transact directly.

In the case of an EMI not paid on-time there will be a ripple effect. The lender will have a negative impact on his financial commitments too. So lender will decide how much fee the borrower should pay in case of not paying the EMI on time. We encourage lenders and borrowers to negotiate their terms and conditions for the same.

Yes, OxyLoans will enable you to know both personal and professional details of the borrower.

Yes, we suggest you allocate certain budget and make it 10 portions and lend it to different borrowers so that risk is distributed and you will have an income stream all around the month.

You can view multiple borrowers’ profiles and lend to whom you feel most trusted. You are free to take your decision and you are completely responsible for it. It hardly takes 5 minutes to review each borrower’s profile.

You can lend max INR 50,000 to one borrower and max INR 50,00,000 throughout the platform.