Direct Capital Access
Oxyile connects verified UK borrowers directly with investors who want to fund individual loan agreements — without routing your application through a traditional bank credit committee or paying opaque arrangement fees buried in your APR.
You propose the terms: loan amount, duration, interest band, and purpose. Investors review your profile, negotiate if needed, and fund your handshake when satisfied. The result is a bilateral loan agreement with transparent economics on both sides.
Zero-middleman mechanics
Traditional lenders earn margin by borrowing cheaply and lending expensively, often layering arrangement fees, early repayment penalties, and cross-sold products you did not ask for. Oxyile removes the intermediary spread: investors set their required return; you see exactly what you will repay over the life of the loan.
There is no bank manager between you and your capital. Oxyile provides infrastructure — identity verification, escrow, mandates, and compliance — not balance-sheet lending.
- Flat, disclosed platform fees — no hidden arrangement charges
- Direct messaging with investors during negotiation (where enabled)
- Full amortisation schedule visible before you accept funding
Handshake proposals
A handshake proposal is your formal request for capital. It includes your desired amount, term, interest band, loan purpose, and any collateral or guarantor details. Investors browse active proposals filtered by risk appetite and deploy capital into handshakes they choose to fund.
Proposals can be fully funded by a single investor or aggregated from multiple micro-lots. You receive confirmation as each allocation is committed, and disbursement occurs once the target amount is reached and all pre-funding checks pass.
Funding timeline
Typical funding timelines depend on proposal attractiveness, completeness of your KYC pack, and market demand. Well-documented proposals with Open Banking verification and guarantor backing generally attract capital faster than incomplete applications.
- Complete KYC and upload supporting documents
- Publish your handshake proposal to the investor marketplace
- Receive allocations until your target is met
- Activate Direct Debit mandate and confirm escrow release conditions
- Funds disbursed to your nominated UK bank account
Approval & Open Banking
Oxyile's approval pipeline is designed to be fast, fair, and evidence-based. Rather than relying solely on credit bureau snapshots, we combine identity verification, document review, and — with your consent — read-only Open Banking data to build a holistic affordability picture.
KYC onboarding
All borrowers complete a structured KYC journey: proof of identity (passport, driving licence, or BRP), proof of address, liveness verification, and income documentation. Address history covering at least three years is required for AML compliance.
- Automated document extraction with manual compliance review
- Liveness selfie or short video check to prevent impersonation
- Status tracking: pending → under review → approved → active
Open Banking signals
With your explicit consent, Oxyile can access read-only transaction data via regulated Open Banking APIs. This allows us to verify income patterns, identify recurring obligations, and assess affordability without asking you to manually upload months of bank statements.
Open Banking access is permissioned, time-limited, and revocable. Oxyile cannot move money or initiate payments through Open Banking — only observe account activity you authorise.
Borrowers who opt into Open Banking verification typically experience faster approval because underwriters can corroborate declared income against actual inflows within minutes rather than days.
Credit decisioning
Credit decisioning combines bureau data (where available), Open Banking affordability signals, declared income, existing Oxyile obligations, and collateral/guarantor strength into a risk tier assignment. Your tier influences the interest bands investors will consider and whether guarantor backing is required.
A decline is always accompanied by a reason code you can address and resubmit. Oxyile does not sell your data to third-party lenders.
Repayment & Guarantors
Repayment on Oxyile is structured, predictable, and automated. Once your loan is active, instalments are collected via GoCardless Direct Debit on the schedule agreed in your handshake — with clear pathways for early repayment, hardship, and default.
EMI schedules
Most handshakes use equal monthly instalment (EMI) schedules: a fixed payment each month covering interest and principal amortisation. Your dashboard displays the full schedule at funding, including total interest payable and the outstanding balance after each payment.
- Monthly Direct Debit collection on agreed dates
- Early repayment permitted — interest recalculated to date of settlement
- Payment confirmations and on-chain handshake status updates after each collection
Default handling
If a scheduled payment fails, Oxyile initiates a structured collections process: retry windows, borrower notification, guarantor invocation (if applicable), and escalation to formal default status if arrears persist beyond the contractual cure period.
Default is not immediate on a single missed payment. Cure periods and communication are built into the handshake terms — but persistent non-payment will affect your credit standing and may trigger collateral enforcement.
Defaulted handshakes are flagged on-platform, reported in accordance with regulatory obligations, and may be referred to collections partners. Investors are kept informed through transparent status updates.
Guarantor risk tiers
A guarantor is a third party who agrees to honour your repayments if you cannot. Guarantors complete their own KYC, sign a Direct Debit mandate as backup, and are linked to your handshake for the loan duration.
Borrowers with guarantor backing typically qualify for lower risk tiers — unlocking access to more investors, tighter interest bands, and faster funding. The guarantor does not replace your primary obligation; they are a secondary collection route that reduces investor perceived risk.
- Guarantor invite flow with email verification and mandate setup
- Risk tier reduction: typically one band improvement with an approved guarantor
- Guarantor released upon full loan settlement or formal novation