OXYLOANS - LENDERS

Features OXYLOANS - LENDERS

Oxyloans Lender Application is a user-friendly platform designed for lenders to participate in peer-to-peer lending.
With this app, streamlines the lending process, ensuring secure transactions and transparent terms.SRS FINTECHLABS PVT LTD, the parent company of oxyloans, a trade name used for its peer-to-peer lending platform, has developed a lender application that allows investors to earn 1.75% returns on their investments.
suggest us which option should select in financial features declaration.www.oxyloans.com is a revolutionary FinTech platform.
We encourage Peer-to-Peer Lending (P2PL).
Oxyloans is the branch name ,which is operated by SRS FINTECHLABS PVT.
LTD.
We invite Banks, Financial Institutions as lenders.We enable Lenders to exchange funds directly with Borrowers.Key features may include:– Tenure : 4 - 36 Months– Interest rates - 8% to 36% PAAbout us:– Trusted by 30,000 + Investors– SRS FINTECH LABS PVT LTD RBI-registered NBFC-P2P– Secure Funds Handling through ICICI Trusteeship Services.1.Registration and Profile Management: Easy sign-up process for lenders, allowing them to create and manage their profiles with relevant information.2.Portfolio Management: Tools to track and manage the lenders deals portfolio, including active deal, pending applications, and historical performance.3.Secure Transactions: A robust and secure payment gateway to facilitate smooth and secure lending transactions.4.Risk Assessment: Tools to assess deal creditworthiness and risk profiles to make informed lending decisions.5.Communication: Built-in messaging system to communicate with lender and address any queries or concerns.6.Real-time Updates: Receive notifications and updates on deal applications, interest repayments, and account activity.7.Analytics and Reports: Access to comprehensive data and analytics on loan performance and earnings.- The loan application includes details such as the loan amount, purpose, repayment term, and any supporting documents required.- Example: Sarah wants to borrow INR 50,000 for home renovation.
She fills out the loan application in the OxyLoans app, specifying the loan amount and providing relevant details about the purpose of the loan.
A.
Loan Evaluation and Approval:- Based on the borrowers profile and loan requirements, the app calculates the suitable interest rate, loan amount, and repayment terms.- Example: Based on Sarahs credit history and financial profile, OxyLoans determines that she qualifies for a loan with an interest rate of 12%, a loan amount of INR 100000 and a repayment term of 12 months.
B.
Loan Disbursement and Repayment:- OxyLoans charges a processing fee for loan disburse, which is typically a percentage of the loan amount.- The total processing fee(4%) , including the GST(18% GST) amount, is calculated by adding the processing fee and the GST amount together.- For example, if the processing fee is 4%, and the borrower applies for a loan amount of ₹100,000, the processing fee would be calculated as: Processing Fee = 4% of ₹100,000 = ₹4,000- GST rate is 18%, the GST amount on the processing fee would be calculated as: GST Amount = 18% of ₹4,000 = ₹720The total processing fee would be: Total Processing Fee = ₹4,000 + ₹720 = ₹4,720- After the loan is funded, the approved loan amount is transferred directly to the borrowers designated bank account.Customer Support: Dedicated customer support to assist lenders with any issues or inquiries.
For more details :- www.oxyloans.com