FAQ's


Lender FAQ

Answer

  1. LiquiLoans is funded by Matrix Partners (Ola, Practo, Quickr, Treebo are few other portfolio companies)
  2. The company is RBI registered NBFC- P2P
  3. The founders of LiquiLoans have also co-founded Rentomojo (an online platform for rental of furniture, appliances and bikes)
  4. Chief Risk Officer (CRO) of LiquiLoans was senior director with Lending Club – which is one of the largest P2P platforms across the globe

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Any Indian resident with a valid Indian Resident Bank Account and PAN card can lend on LiquiLoans. RBI listed finance companies or Companies formed under the Indian Companies Act are also eligible to apply as Lenders.

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It is a simple 3 step process:

  1. Sign up on the platform through the website (www.liquiloans.com) by filling in some basic details about yourself. You will be given credential to log-into your account and view dashboard. Once the account is created, kindly login & go to your profile to update your personal details & upload soft copies of your PAN & Address Proof. Our support team will verify your details and get in touch with you within 24-48 hours
  2. Once your registration is verified and approved, you will get an agreement on your registered mail. The agreement will have complete Terms and Conditions along with the commercials specified in the Annexure
  3. Post agreement signing, you can start investing. You can transfer fund into our Escrow account either by using NEFT/RTGS/IMPS or through Payment Gateway – Net Banking, UPI or Debit Card

Answer

  1. LiquiLoans conducts a verification process of the data and documents provided by Lenders. We try to ensure that all our Lenders are genuine and do not use our platform to fund any prohibited actions or purposes
  2. LiquiLoans, however, reserves the right to reject any application for registration or terminate the registration of the Lender or refund any funds received by the Lender without reason

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Lenders can expect net return in the range of 9-12%. LiquiLoans, however, does NOT guarantee any returns. In the past our Lenders have earned an average return upto 12% pa

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LiquiLoans has a secondary market feature wherein if any investor wishes to sell their loans in full or in part, LiquiLoans shall provide assistance on a best effort basis. In the past, lenders have been able to sell their portfolio in the secondary marketplace within 2 days on our platform. Any assistance provided by LiquiLoans in this regard should not be construed as a commitment that loans will be sold within a fixed timeframe or at all.

Answer

You can fund or recharge your escrow account using any of the following methods:

  1. Log in to your LiquiLoans account, click on Wallet, then click on “Add Money” icon on the top left corner of the dashboard and enter the amount you wish to transfer
  2. The funds can be transferred in our Escrow account through NEFT/RTGS/IMPS
  3. The funds can also be transferred through our Payment Gateway using Net Banking, UPI and Debit Cards

Answer

At LiquiLoans, the initial amount required to be transferred to the Escrow account for lending is INR 1 Lakh
As per RBI guidelines of Oct 4’ 2017, the following limits are applicable to any person lending on P2P platforms:

  1. You can maximum lend INR 10 lakhs per PAN Card across all P2P lending platforms
  2. You can maximum fund INR 50,000 per loan.

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LiquiLoans charges a small commission, at the end of the tenure, for facilitation the transaction between the Lender and the Borrower. The details are specified in the Annexure of the Lenders Agreement

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Our auto-invest feature comprises of a fully-automated tool that matches Lender’s investment criteria with borrower requirements This is done basis certain criteria selected, approved and activated by the lenders for their respective accounts. The time required to deploy the lender's investment will depend on the criteria defined by the lender
All borrower requirements – will be first fulfilled through automated investment and only any balance requirement will be listed for manual investment option. It usually takes more time for an investor to deploy capital in manual investment option as compared to autoinvest

Answer

LiquiLoans Auto Invest is our proprietary logic prepared by experts to invest automatically in loans on your behalf. It takes into account multiple variables as defined by the lender before deploying capital in any loan. Additionally the algorithm ensures that the portfolio is well diversified, thereby reducing concentration risk in the Lender's portfolio


Borrower FAQ

Answer

Applying for a loan through LiquiLoans is simple and fast. You can complete the entire process online

  1. Step 1: Register as a borrower
  2. Step 2: Upload the documents required online and submit your loan application for review
  3. Step 3: LiquiLoans will review your loan application and once approved, the amount is disbursed within hours

Answer

The documents are required to identity-check, credit-check and risk-assess a borrower before registration. Apart from the Credit Bureau score, we use various other parameters like ability, stability, past performance and intention of the borrowers, which are evaluated basis these documents. The documents provided like salary slips, bank statements etc. help in taking a collective and transparent decision

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Once your loan is approved, the amount will reach your registered bank account within 2-3 business days

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A borrower can apply for loans upto 10 lakhs INR.

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Loan tenures are fixed from anything between 3 months to 36 months.

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Yes, the borrower has the freedom to choose his/her own date, on which the EMI will charged for every month.

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Interest rates are suggested to every borrower based on a credit appraisal system, that uses the personal and financial details provided by the borrower. Based on which the borrower is assigned an interest rate between 12% to 25% per annum.

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No. Liquiloans only provides unsecured loans, without any collateral of any form.

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No. Liquiloans only provides unsecured loans, without any collateral of any form.