Frequently Asked Questions
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.
Want more clarity? Head to the Liquiloans FAQ section.
Fi partners with the best to secure your money
Our partner bank hosts your Savings Account and follows all security standards per applicable regulations.
Your money is always safe with our banking partner - Federal Bank, is covered under the Deposit Insurance and Credit Guarantee Corporation Scheme. This insures your money up to ₹5 lakh.
Fi itself is not a bank and doesn’t hold or claim to have a banking license.
Fi is a money management platform that re-imagines the banking experience in India. The Federal Bank Account offered through our App, is a digital bank account that gives you the fastest way to open a bank account online.
You can do everything from the Fi App, including p2p payments, fund transfers, bill payments, and more, with features to automate every action. You also get a Debit Card, spends insights and tools to grow your investment and earn rewards.
