Your financial friendwith benefits!
We are building a way for verified people in the UK to lend to and borrow from each other, with clear terms and no bank in the middle.
- Every member is ID-checked
- Every loan has a guarantor
- In test mode: no real money moves yet
Oxyile is not authorised by the Financial Conduct Authority. We plan to apply. No real money is lent or invested yet.
How it works
Three ways to use Oxyile
Borrow money
Loans backed by a guarantor you know, with the full cost shown before you agree. Test mode only for now.
Invest
Lend to verified borrowers, repaid monthly. High risk: you could lose all the money you lend. Test mode only for now.
Be a guarantor
Back a friend or family member’s loan. You’ll need the code from their invite.
Repayment example
How repayments are worked out
Move the sliders to see how a monthly repayment is calculated. Example only — Oxyile does not offer loans yet. Oxyile is not authorised by the Financial Conduct Authority. We plan to apply. No real money is lent or invested yet.
£1,000 – £10,000 borrower limit
6 – 60 months
Interest rate
10% p.a. fixed
Representative APR 10.5% · reducing balance, no fees
Monthly repayment
£161.34
- Total payable
- £5,808.08
- Total interest
- £808.08
- Representative APR
- 10.5%
Example only — not an offer of credit. Oxyile is in test mode and no real loans are made.
Read the borrower guideTrust & transparency
How Oxyile is being built
Strong security, checked members and a tamper-evident audit trail piloted on the Polygon test network. Oxyile is not authorised by the Financial Conduct Authority. We plan to apply. No real money is lent or invested yet.
How we protect you
- 256-bit AES encryption for data at rest and in transit
- Direct Debit payments through GoCardless (sandbox while Oxyile is in test mode)
- Every member checked before they can use the platform
Loan records, fingerprinted on Polygon's test network
When a marketplace loan becomes active, a fingerprint (keccak256 hash) of its agreed terms, plus status and repayment events, is recorded on the Polygon test network (Amoy), so later changes to the terms are detectable. No personal data or money goes on-chain: payments are handled by regulated Direct Debit (GoCardless), not by smart contracts. Our loan-registry contract is in testing and has not yet been independently audited.
- Fingerprints of loan terms, status and repayments only — no personal data or funds
- Each record can be looked up on the public Amoy test-network explorer
- Records are queued and retried if the test network is unavailable
FAQs
Frequently asked questions
Answers to common questions about regulation, missed payments, fees and your data.
Is Oxyile authorised by the FCA?
What happens if a borrower stops paying?
Do smart contracts hold or move my money?
Can I get my money back early?
What fees does Oxyile charge?
How is my data protected?
Are investments covered by the FSCS?
How is the interest rate set?
How are members checked?
Ready when you are
Create your account, or join the waitlist for early access updates.
Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong.