Frequently Asked Questions

Liquiloans and Fi take multiple measures to safeguard your investment and minimise risk to a large extent. We will break them down one-by-one below:  

The biggest risk is that one or more borrowers do not repay. We work with our partner Liquiloans to reduce this risk to a minimum by ensuring that every borrower your money is lent out to is identity-checked, credit-checked and risk-assessed. The loan is disbursed only after the borrower signs the legally-bound loan agreement. In addition, your investment is diversified across 100+ such borrowers to minimise the risk.

In rare cases where a borrower defaults, Liquiloans uses legally-compliant collections agencies to follow up and collect missed payments on your behalf. 

If any borrower ends up defaulting even after the recovery process is initiated, Liquiloans and Fi earn no income until you get your indicated return. 

All said and done — we recommend you understand the product and analyse the risks involved carefully before investing. 

• Are the 10% returns assured?
  Fi does not guarantee that 10% per annum is assured! However, we, along with our partner Liquiloans, have taken many measures towards minimising the risk of default.
  
  
• What happens if the borrowers don’t repay?

While this is an inherent risk, the probability of this happening is low. 

Liquiloans predominantly lends to salaried borrowers with an average credit score of 720+. As per a review conducted by CRISIL, the borrower profile of Liquiloans is strong. It is comparable to the quality of borrowers that a bank would lend to. Your money is spread across multiple such salaried borrowers.

As an additional safety measure, any losses due to non-repayment are first absorbed by Liquiloans and us. This provides a sizeable safety buffer that isolates you from any shocks. 

Here’s how the process works: In case a borrower doesn’t repay, Liquiloans uses legally-compliant collections agencies to follow up and collect missed payments on your behalf. If any borrower ends up defaulting even after the recovery process is initiated, Liquiloans and Fi earn no income until you get your indicated return.

• What are the key criteria that Liquiloans uses for borrowers? 

To support its flagship schemes (plans available on Fi), Liquiloans uses the following criteria for borrowers: 

1. Minimum bureau score of 625 (Historical Average is 700+)

2. Minimum monthly income of 17.5K (Historical Average is 50K+)

3. New to Credit (NTC) customers are eligible (Historical Average is Below 30%)

4. Minimum APR: 14%

• Does Liquiloans have a servicing fee for borrowers?

Yes. It is capped at 1% per month or INR. 20/- per collected instalment, whichever is the higher amount, after the lender's indicative return is met.