FAQ's

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With respect to recent (dated 16th August 2024) revision to Master Direction - Non- Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 - certain functionalities on the platform may be disabled temporarily. NDX P2P Private Limited (Liquiloans) is currently not accepting any new lenders or funds from existing lenders on the platform. Please reach out to your Relationship Manager/ Financial Advisor for more details.

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With respect to recent (dated 16th August 2024) revision to Master Direction - Non- Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 - certain functionalities on the platform may be disabled temporarily. NDX P2P Private Limited (Liquiloans) is currently not accepting any new lenders or funds from existing lenders on the platform. Please reach out to your Relationship Manager/ Financial Advisor for more details.

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LiquiLoans (NDX P2P Private Limited) needs to verify the data and KYC documents provided by Lenders in accordance with the Master Directions laid down by RBI. LiquiLoans (NDX P2P Private Limited), however, reserves the right to reject any application for registration or terminate the registration of the Lender or refund any funds received from the Lender without reason.

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As per the updated RBI guidelines of Dec 2019, the following limits are applicable to any person(s) lending on P2P platforms:

1. A Lender can maximum lend INR. 50 lakhs across all P2P lending platforms
2. A Lender can maximum fund INR. 50,000 per loan
3. The maturity of the loans shall not exceed 36 months. However, LiquiLoans (NDX P2P Private Limited) platform is currently only accepting a maximum of Rs. 10 Lakhs per PAN from any lender. The lender lending more than Rs. 10 Lakhs across P2P platforms shall mandatorily need to produce a certificate to P2P platforms from a practicing Chartered Accountant certifying minimum net-worth of Rs. 50 Lakhs. LiquiLoans (NDX P2P Private Limited) platform has various offerings for Lenders and depending on the scheme option the minimum amount / holding period can differ. Lenders opting for the auto-invest feature are strongly recommended to invest a minimum of Rs. 1 Lakh to have a granularly diversified borrower portfolio.

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With respect to recent (dated 16th August 2024) revision to Master Direction - Non- Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 – lender can transact with borrower only through manually section of each borrower. However, NDX P2P Private Limited (Liquiloans) is currently not listing any new borrower on its platform. Please reach out to your Relationship Manager/ Financial Advisor for more details.

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LiquiLoans (NDX P2P Private Limited) platform classifies borrowers into A, B and C category depending on their past credit history and other parameters used for due diligence and underwriting of borrowers. However, currently LiquiLoans (NDX P2P Private Limited) platform only lists borrowers classified as “A” category i.e., prime quality borrowers.

Borrowers are vetted through a proprietary algorithm which checks various parameters, some of which include the following: 

1. The borrower’s credit profile (CIBIL / Credit Bureau Score & Re-payment track record) 
2. Social (Location, Age, Current Job Designation) 
3. Banking History - This information is used to assess the suitability of the borrower
4. End use of the loan
5. Past performance of similar loans basis their end use, Referrer of the loan etc.

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Lenders can expect a net pre-tax yield ranging upto 7.50% to 10% XIRR Max. on the net invested amount. LiquiLoans (NDX P2P Private Limited), however, does NOT guarantee any returns. In the past, our Lenders have earned an average return up to 10.5% - 12% XIRR depending on the scheme opted by them. Each lender should evaluate their risk appetite and understand all the risks associated with the lending transactions and that P2P platform does not assure return of principal / payment of interest. The platform shall NOT be held liable for any loss of capital or returns. Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by the NBFC-P2P, and does not provide any assurance for repayment of the loans lent on it.

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Loan Servicing Fee : If the Lender’s portfolio’s net pre-tax yield is lower or equal to the indicative pre-tax yield (XIRR) scheme selected, then LiquiLoans’ fees will be Zero i.e., NIL

If the Lender’s portfolio’s net pre-tax yield is above the indicative pre-tax yield (XIRR) scheme selected; then LiquiLoans’ fees will be the difference of Lender’s Actual Portfolio Pre-Tax Yield XIRR Less Indicative Pre-Tax Yield (XIRR) of the Lender capped at higher of (1% per month of deployed amount or INR 20/- per collected installment)

Processing charges Liquiloans reserves the right to retain the processing charges collected from the Borrower(s) to cover expenses incurred towards credit reports, bank statement analysis, profile assessment, KYC verification, and other related services.

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1. As with any type / form of lending, there are some risks, the biggest being that a borrower doesn’t repay i.e., there is a risk that a borrower may default.
2. LiquiLoans (NDX P2P Private Limited) minimizes the above risk by having the best-in-class risk management and borrower sourcing mechanism. LiquiLoans (NDX P2P Private Limited) ensures that investment of each lender is diversified across a number of borrowers if the lender has opted for the auto-invest feature and hence protecting the lender from concentration risk of exposing oneself to only few borrowers.
3. In case of a default, LiquiLoans (NDX P2P Private Limited) uses a combination of soft and hard collections to collect missed payments on the lender’s behalf.
4. LiquiLoans (NDX P2P Private Limited) shall assist / facilitate the collection through its in-house collection mechanism and may also send a legal notice on behalf of the lender to the borrower. LiquiLoans (NDX P2P Private Limited) has already signed up with collection agencies to recover monies from overdue borrowers, who then on the lender’s behalf will try and reach out to the borrower and get back the outstanding funds on case-to-case basis.
5. LiquiLoans (NDX P2P Private Limited) does NOT guarantee any part / full recovery from borrowers.

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Applying for a loan through LiquiLoans (NDX P2P Private Limited) 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 (NDX P2P Private Limited) will review your loan application and once approved, the amount is disbursed within hours

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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, borrower can choose their EMI date from 1st, 5th or 10th of 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 (NDX P2P Private Limited) only provides unsecured loans, without any collateral of any form.

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No. LiquiLoans (NDX P2P Private Limited) only provides unsecured loans, without any collateral of any form.