Instant Personal Loans - Online Loans | OYE Loans

OYE Loans provides 12-month (Fixed) personal loans ranging from 10,000 to 1 Lakh INR, with no pre-closure fees. Our Annual Percentage rates (APR) vary from 18% to 30% with EMI tenure of 12 months with Zero Pre-closure charges. Applying through the OYE mobile app is as simple as a 5-minute walk and approved customers can get cash in their bank account within 1 business day.

# Minimum period of Repayment - 12 months
# Maximum period of Repayment - 12 months
# Maximum Annual Percentage Rate (APR) - 30% APR

OYE Loans is currently available to any individual who is
a) 20 years of age and above
b) currently employed/salaried full-time and get salary credited directly in their bank
c) earning net monthly take-home higher than Rs. 15000
d) living in one of the cities where OYE Loans is operational

OYE loans is currently available in the following cities:
1. Bengaluru
2. Chennai
3. Coimbatore
4. Delhi, NCR (Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, Gurgaon)
5. Hyderabad & Secunderabad
6. Mumbai (Mumbai, Navi Mumbai, Thane)
7. Mysore
8. Pune
9. Kolkata

If you are not in one of these cities, we hope to get to you soon!

How it works:
Install OYE mobile app and finish loan application & upload required documents to get the money you require. OYE makes the personal loan application and approval process very simple and transparent through 3 easy steps:
1. Finish your loan application online
2. Upload required documents
3. Review and Sign loan documents

Why OYE?
• OYE Loans provide quick personal loans up to 1 lakh
• Quick Application form with minimal documentation
• 12-month EMI option with no pre-closure or pre-payment fees
• We provide personal loan to first-time loan applicant also
• 3 months in your first job is enough to become eligible
• Easy door-step document collection
• Customer data maintained in a secure encrypted environment
• Backed by a global leader in digital lending (short term personal loans)

Interest, Fee & Loan Example (Representative):

• Interest rates ranging from 1.5% to 2.5% per month (Annual Interest Rate from 18% to 30%)
• Tenure - 12 months (Fixed) with Zero Pre-closure & Prepayment charges
• Processing Fee of 3% + 0.54% (GST)

Loan example (Representative) –
Borrowing a short-term loan of Rs. 10,000 for a 12-month period at an annual interest rate (APR) of 18% will cost Rs. 1,002 in total interest & Rs. 354 as processing fee which is payable in Equated Monthly Instalments (EMI) of about INR 917 and the Total Cost of the loan would be Rs. 11,356 (Principal + Interest + Fees).

Responsible Lending
OYE has partnered with Northern Arc Capital Limited, a RBI licensed and regulated NBFC.
Our policies and services are fully regulated and legally compliant. We are a founding member of Digital Lenders Association of India and adhere to the DLAI code of conduct - https://www.dlai.in/dlai-code-of-conduct/

Security and Privacy
OYE Loans app ensures best security and privacy standards to protect its database. Our app is safe & secure to use and we do not share customer information with third parties without consent.

Our app only decodes the transactional messages that you receive on your phone whenever you use your account. Your personal and OTP messages will be left alone.

Our app requires the following permissions to function optimally:

SMS - READ_SMS, RECEIVE_SMS
Required to read your financial SMSs sent by banks and billers. Your transactional data is used to create your financial and risk profile so as to provide the best instant personal loan offer

Location - ACCESS_FINE_LOCATION
Required to verify your current address for the loan application

Camera & Media Access - CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE
Required to enable uploading of documents like PAN, Passport, Office ID card for your loan application

Please write your contact us at [email protected] for any further queries.