FAQ


Borrower FAQ

Answer

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

  • Step 1: Register as a borrower
  • Step 2: Upload the documents required online and submit your loan application for review
  • 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.

Answer

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

Answer

A borrower can apply for loans upto 10 lakhs INR.

Answer

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

Answer

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

Answer

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.

Answer

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

Answer

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


Lender FAQ

Answer

At liquiloans.com, you need only one account to lend to multiple borrowers.

Answer

To lend on the LiquiLoans marketplace, all we need is your basic KYC information, like your Aadhar and PAN details. 
As a business/company:

  • Institution should be a registered entity under Companies Act, 2013 in India
  • Holding a valid PAN for the business entity
  • Having valid proof for an address in India
  • Having valid bank account in India
  • Having valid mobile number in India and E-mail ID for an employee who is authorised to operate on LiquiLoan’s portal.

Answer

A lender can lend a maximum of 50,000 INR to a single borrower for a time period ranging  form 3 to 36 months. A lender can invest upto a maximum of INR 10,00,000 across all P2P Platforms.

Answer

We take the KYC details of every lender, to understand them better.

Answer

LiquiLoans lists only those loans which have gone through its proprietary screening process. This screening process has been built by the founders

  • based on their decades of Banking experience,
  • current technology tools available to verify the authenticity of the borrower and
  • financial information provided by the borrower.

Answer

As a lender you can expect to earn almost double than what banks generally pay as interest in return for your money. Our interest rate for borrowers range between 12% to 25% per annum.

Answer

In case the EMI is not paid on the due date by Borrower(s), additional penal interest applicable as per LiquiLoans policy will be applied to the due amount for the duration of delay. A penal interest of 3% per month on the outstanding amount will be payable by the Borrower.