Hyderabad, Feb 24 (UNI) Hyderabad-based alternative lending platform Oxyloans targets to disburse Rs 100 crore in 100 days starting from March 1,2017 under P2P.The online Peer-to-Peer (p2p) lending platform ' Oxyloans' has received 270 loan application forms worth Rs 250 crore from various business sectors in the last fortnight, Thatavarti, Founder and CEO, Oxyloans Radhakrishna said at a press conference here today.The p2p platform will act as 'catalyst' between the 'lender' and borrower' and offer personal loans, Business loans, start up loans and SME loans, Mr Radhakrishna, who having 18-years experience in Finance Techno services, said there is no security for upto one lakh loan in some critical cases under humanitarian grounds. Currently, the platform have 400 Plus users (Borrowers) and 80 plus lenders, he said the interest charged for the loans from 24 to 36 per cent and less interest rate (14 per cent) will be charged on secured loans. About 83 per cent Indian loans are private lending and 17 per cent only getting from Banks, the CEO said the platform will offer loans in bank rejected cases also. Oxyloans will charge 4 per cent ( 1.5 per cent from lender and 2.5 per cent from borrowers) and the repayment period maximum up to 11 months only, he informed. The loan application received on Oxyloans portal will be disbursed within 72-hours and we are also planning to offer loans on Gulf course sports, he said. We are hopeful of raising 20 million US dollars to build a platform that enables 1 billion US dollars ( Rs 6500 crore) disbursement by 2024 , he said.Countries such as China, South Korea, and Egypt have unregulated p2p lending markets and on the other hand, in countries such as the UK, Australia, New Zealand and Canada, p2p platforms are regulated like intermediaries.There is a demand for p2p regulation in India. In 2015 alone, around 20 new online p2p lending companies are launched in the country and at present, there are around 30 start-ups in the p2p lending business. RBI proposed p2p lending regulations in last April, he added. The global p2p lending market is predicted to reach 1 trillion US dollars by 2025 and Oxyloans facilitate both conventional and unconventional loans in India, GCC and UK. NRI are invited to lend in India, the CEO further said. UNI KNR CS 1617