About us
Oxiram Finance & Funds formerly known as Woods Incorporated was founded by the three Innovative thinkers Sam, Ted and Clark Woods, later taken over by Terry Kavanagh and his associates. The Bank started with the aim to revolutionize the economy and the banking system of the State of San Andreas. We seek to do this by the introduction of a much needed loaning system. The loaning system is finely defined and aided by the law so that there are no confusions on yours as well as our part. The system is extremely customer friendly as our top priority is customer satisfaction. The system has conditions and procedures which can be found on Banking Faq including 24/7 customer care explaining the procedures. However, for the loaning system to thrive, we need a source of money being credited to the bank. For that, we have planned a wonderful account system. In this, you'll have an account in our bank just like the State Bank but the twist here is that you'll get interest on the money you store in our bank. The interest details can also be found on Banking Faq and explained again, through 24/7 customer care. This way, you would be helping us by sustaining the loaning system through depositing your money in the bank and you getting interest on your money in the bank, creating an ever flourishing flow of cash throughout the State and Oxiram finance & Funds will stand in the middle of this flow stabilizing it. We are here to make the economy better and we are not stopping until we do!
Account Opening :
**HOW TO OPEN AN ACCOUNT:**
1. Click on the help-desk section, kindly react with the envelope and you will be given the required contracts in which you will be required to sign ((Category 'LOBBY' > Channel '#help-desk')).
2. Upon submission of your application, you’ll be liable to pay a registration fee depending on the account level as per below. (This registration fee is non-refundable)
3. You are required to maintain a minimum balance depending on your account level, failing to do so would result in a penalty of $5,000 per day.
**TYPES OF ACCOUNTS:**
Level 1:
Registration fee: $30,000
Interest given: 0.5%
Minimum balance: $10,000
Maximum balance: $200,000
Interest on loans: No change
Level 2:
Registration fee: $70,000
Interest given: 1%
Minimum balance: $30,000
Maximum balance: $500,000
Interest on loans: No change
Level 3:
Registration fee: $100,000
Interest given: 1%
Minimum balance: $50,000
Maximum balance: $1,000,000
Interest on loans: 5% less
Level 4:
Registration fee: $120,000
Interest given: 1%
Minimum balance: $80,000
Maximum balance: $5,000,000
Interest on loans: 5% less
**NOTE:** The registration fee is non-refundable under any circumstances.
**NOTE:** If your account maintains the respective account's level maximum balance, interest will cap accordingly.
Account Management :
**WHEN WILL THE INTEREST ON THE DEPOSITED MONEY BE CALCULATED:**
Interest will be calculated at the beginning of every Month. This cycle will start on the 1st of every month and interest will be given on the 30th/31st of every month. So, if you open your account on any date, the cycle will start from the 1st of the next month.
For example: Terry opened his account on 25th of August, the interest will start to add up from 1st September and on the 30th/31st September, he would receive his first interest.
**HOW WILL THE INTEREST ON THE DEPOSITED MONEY BE CALCULATED:**
At the end of the Month, we will check your logs. The least amount of money stored in your account on any day during that period will be taken as the principle value and 1% or 0.5% of it will be calculated. This is to prevent abusing of the interest system. So, make sure you start your account with a good enough deposit and maintain your balance over those 28 days.
For example: If I started my account with $50,000 deposit and then kept depositing more money as time passed, I'll still get the interest for $50,000 since it was the lowest amount.
**NOTE:** If your account maintains a balance of over $5,000,000, interest will cap at $50,000.
**HOW TO DEPOSIT OR WITHDRAW MONEY FROM YOUR ACCOUNT:**
1. Click on the help-desk section, react with the envelope and write your request (Deposit/Withdraw) ((Category 'LOBBY' > Channel '#help-desk')).
2. One of our staff members will be responding to you. ((You'll be invited in-game and the requested action will be done))
3. After verification of the amount being withdrawn or deposited, the same staff member will be updating your bank status in your account tab.
Loan Information :
**VEHICLE LOAN:**
In this type of loan, no mortgage is required, however you are required to follow the below procedure:-
1. Bank will be giving 85% of the VALUE of the vehicle as down payment i.e. if a vehicle costs 100k, the bank will be giving 85k as a loan, the rest is to be arranged by the loanee.
2. To ensure repayment of the loan, the vehicle will be bought by the bank itself and the bank will own the vehicle until the entire loan is paid back. Till then, only keys of the vehicle will be given. After the repayment, the ownership will be transferred.
3. In case the loanee fails to pay back the loan, the vehicle is to be seized by the bank.
**Note:** If the loanee is found using any group cars other than the loaned vehicle, he/she is subject to a fine of $100,000.
**PROPERTY LOAN:**
In this type of loan, no mortgage is required, however you are required to follow the below procedure:-
1. Bank will be giving 85% of the VALUE of the property as down payment i.e. if a property's value is 100k, the bank will be giving 85k as a loan, the rest is to be arranged by the loanee.
2. To ensure repayment of the loan, the property will be bought by the bank itself and the bank will own the property until the entire loan is paid back. Till then, only keys of the property will be given. After the repayment, the ownership will be transferred.
3. In case the loanee fails to pay back the loan, the property is to be seized by the bank.
**Penalties in case of non-repayment:**
1. Multiple Payment System (5% of the loan every day on failure to pay a specific payment on time)
2. One Time Payment system (15% of the loan on failure to repay the entire loan on the date of repayment)
**NOTE:** Failure to pay 2 consecutive payments or to pay the entire loan after 3 days of "Date of repayment" (in One Time Payment system) will result in strict legal actions and seizing of mortgaged assets or the loaned property, vehicle or asset.
Terms & Condition :
3. Procedure after non-payment of taken loan.
i) For One Time Repayment System loans
If under any circumstances the loanee fails to pay back the taken loan before the date of payment, he/she will be given 3 more days to pay the loan along with a fine of 15% of the loan taken. If the loanee fails to pay back the loan even after 3 days, the bank has every right to seize any property or asset that was put up as mortgage or was loaned by the bank.
ii) For Multiple Payment System loans
If under any circumstances the loanee fails to pay a specific payment, the loanee will be penalised with 5% of the loaned amount every day until he pays that specific payment. Failure to pay two consecutive payments will result in legal action being taken against the loanee and seizing of mortgaged or loaned property, vehicle or asset.
4. Security of Collateral
While talking a personal loan, the loanee is supposed to put up a mortgage as collateral. If a property or a vehicle is put up as mortgage, the loanee loses all rights to sell, rent or mortgage that asset under any circumstances. If the loanee goes against these terms, he will be heavily fined with an amount of 40% of the loaned amount and the bank has the right to request that asset back and claim it.
By opening an account or taking a loan, you agree to all our terms and conditions. If by any chance, you violate any of these terms then the Bank's Management staff will start the process of closing your account and necessary legal actions will be taken against you
Vehicles San News Heli and Ground Units. Pricing will be low and the fair will be set from the company. Our team is working to get space for vehicles now. Taxi number- 700 Private/Public service. Apollo also hiring members for the upcoming taxi services. Format Name: Bank account: Mobile number: Your email ((Disocrd)): Salary per week Taxi drivers per week salary will be $20,000 The most loyal and hardworking driver will get bonus. Other information will be given at our panel.