GoCardless and automated EMI collections explained

How borrowers authorise mandates and how Oxyile schedules monthly subscriptions after contract activation.

After dual approval, borrowers complete a hosted GoCardless Billing Request Flow to authorise BACS Direct Debit.

When the mandate is active, Oxyile creates a subscription matching the EMI amount and loan duration shown on the handshake card.

Failed collections follow GoCardless retry rules; borrowers should keep sufficient funds and update bank details if needed.