- Borrowers can now connect directly with multiple lenders
- Borrowers and lenders to have complete control over transactions
Dubai, United Arab Emirates: ME NewsWire: The financial services industry in the UAE is facing a wave of change, with the FinTech segment leading the charge. The rapid advances in technology have resulted in unbundling of financial offerings, with start-ups taking it on themselves to offer niche services to consumers, thus unleashing a disruptive wave that is shaking the industry and giving rise to new solutions.
Sensing an opportunity, alternative lending platform, OxyLoans.com, is all set to connect borrowers and lenders online. With banks and financial institutions on board as lenders, Borrowers can meet their fund requirement for business or personal use by just registering online availing both conventional and Islamic loan options. OxyLoans is looking to encourage the concept of Peer-to-Peer Lending (P2PL) and Peer-to-Peer Investing (P2PI).
Armed with proprietary algorithms showcasing credit score, underwriting and agreement preparation, Oxyloans enables investors and lenders to assess borrowers and offer them the option of accepting or rejecting an application. It also offers Business as Usual loans in partnership with banks and introducing unique loans such as such as Technology Loans, Executive Education Loans, Sports Loans, Golf Membership Loans and International Business Expansion Loans.
“A key feature of OxyLoans is enabling borrowers to negotiate directly with lenders, allowing them to agree on an interest rate, tenure and repayment cycle that suits them. The services are open to citizens of India, GCC and UK. OxyLoans is expected to solve recurring problems like high rate of loan rejection, dissatisfaction with the interest rate on fixed deposits, and so forth.” says Radhakrishna Thatavarti – Founder & CEO, OxyLoans.com
“Advocates suggest that the global P2P lending market is predicted to reach USD 1 trillion by 2025, with such projections OxyLoans is built to provide a robust system.” He adds.
OxyLoans.com is a ground-breaking Peer-to-Peer (P2P) lending platform, connecting lenders/investors to borrowers. It provides lenders and investors an opportunity to maximize their earning potential, while borrowers get loans more quickly, as compared to the traditional banking method. Oxyloans has created a new set of loans, such as Technology Loans, Executive Education Loans, Sports Loans, Golf Membership Loans and International Business Expansion Loans.
Oxyloans has simplified the entire process of lending and borrowing, giving complete control to users, thus fulfilling a very special need of consumers.