SECTION 1

SECTION 1
ABOUT US
ABOUT THE COMPANY &
PROMOTERS
 ABOUT US

Regulated By: RBI Presence: PAN India

Founded: 2018 Distributors: 550+

Category: Fintech Valuation: Rs.1200+ Crs

Profitable: Yes
PROMOTER PROFILE
 SEED INVESTOR

Avnish
Bajaj 2006 Avnish Bajaj
Founder and Managing Director - India
FOUNDER FOUNDED

Co-Founded Baazee.com which was

60+ 30+
sold to e-Bay in a $50 million all-cash
deal in 2004

PORTFOLIO START-UPS
COMPANIES EXITED

Key Portfolio Companies

ANGEL INVESTOR

Mr. Kunal Shah: Founder and CEO – CRED

▪ “CRED” is one of India’s Largest Fintech Platforms valued

at over USD. 6 Billion (Rs. 45,000+Crs)
▪ Ex-CEO/Chairman of Freecharge (Aug 2010 – Oct 2016)
▪ Sold Freecharge to Snapdeal in 2015 for USD. 450Mn
ANGEL INVESTOR

Mr. Satya Bansal: Ex.CEO – Barclays Wealth

▪ Mr. Bansal has over 3 decades of Banking & Financial

Service experience.
▪ He was the CEO of Barclays Private Bank in India for
more than a decade.
▪ Prior to Barclays, he was the Head of Private Banking,
South East Region for ICICI Bank, Singapore
ANGEL INVESTOR

Mr. Abhishek Dalmia: CEO – Renaissance Capital

▪ Mr. Dalmia is a part of the Dalmia Bharat Family (Cements,

Power, Sugar etc.)
▪ He is Executive Chairman & Managing Director at Revathi
Equipment Ltd.
ANGEL INVESTOR

Mr. Ashutosh Taparia: MD Famy Care &

Ananta Capital

▪ Mr. Taparia leads Famy Care's business ventures

▪ Sold Famy's female health biz for USD. 750 Million
to Mylan (French Pharma Multi-Giant)
 ABOUT THE PRODUCT
Retail Debt Asset Class: One to Many Retail Borrower Lending Platform
(Avg. CIBIL Score of 700+)

High Yielding & Safe Fixed Income Investment

High Diversification: Exposure across Avg. 200+ Names

Inflation Beating Return: Upto 9.35% Net Return

100% Success Rate

World’s 1st P2P: Assessed by CRISIL & (AA-) ICRA Rated*

* Eligible Pool of Loans as on 31st March 2021

 SECTION 2

NEED FOR SMARTER FIXED INCOME PRODUCTS

 WHERE DOES INDIA INVEST
Fixed Income Orientation: Nearly 75% of Financial Savings are held in Fixed Income
Instruments (FDs, NCDs, Debt MFs)

ASSET ALLOCATION FINANCIAL ASSETS MIX

Real Equity 75.56%

Estate* (Including MFs)
17.23% 13.66%

26.87% 42.24% 24.44%

Alternate Fixed Equity Fixed

Assets** Income Income

*This does not include primary residences used for living.

**Alternate Assets: Gold, Other Precious Gems etc.

Source: Report of Household Finance Committee on Indian Household Finance 2017; India Wealth Report 2018, 2019, 2020 – Kary Private Wealth; * SBI Website
 WHY SMARTER FIXED-INCOME INVESTMENTS…NOW?

FIXED DEPOSIT RATES VS INFLATION (CPI)

13.9%

12.0% 12.0%
12.0%

10.0% 9.0% FD RATES ARE AT

8.4% ALL TIME LOWS
8.0%

6.3% 6.6% 6.6% 6.95%

5.0%
5.8% 5.6%
5.0% 5.3% 5.0%

4.0%
3.7%

1991-92 1995-96 2000-01 2005-06 2008-09 2014-15 2019 2020 2021 Current

Avg. FD Rates (Pre-Tax) 1-3 Year Deposits Consumer Price Inflation

Source: RBI & SBI Deposit Rates

 NEGATIVE REAL RETURN IMPACTS INVESTOR GOALS

5.0%

3.0% 2.9%

2.0%

0.5%

1991-92 1995-96 2000-01 2005-06 2008-09 2014-15 2019 2020 2021 Current

-1.0% -0.3% -2.0%

-1.9%
COVID-19 Crisis
Balance of Payments
Crisis -3.6%
Lehman Crisis

Source: RBI & SBI Deposit Rates

 SECTION 3
SECTION 1
WHY LIQUILOANS
ABOUT THE COMPANY &
PROMOTERS
TRADITIONAL DEBT STRUCTURE

Corporate Exposure

Retail Exposure
 RETAIL VS CORPORATE LOAN GROSS NPAs

TRENDS IN NPA PERFORMANCE (2017-2021)

12.25%

10.61%
9.85%
8.37%
7.57%
5x
3.62%
2.32%
1.44% 1.33%
0.93% 0.79% 1.01%

SBI HDFC ICICI AXIS BOB AVERAGE

Source: Annual Reports & Management Commentary of SBI, ICICI Bank, HDFC Bank, Axis Bank, Bank of Baroda
PRIME RETAIL DEBT - LIQUILOANS

PRIME
(700-900)

NEAR PRIME
(600-700)

SUB PRIME
(300-600)

RETAIL BORROWER QUALITY (CREDIT SCORE)

 PRIME BORROWER SOURCING STRATEGY
Key Focus Areas to Source Prime Borrowers

Upskilling Education Discretionary

Home Decor
Financing Healthcare Financing

Sourcing Criteria: Evaluation Process Why does the Borrower Repay

• No Cost EMI Loans • Stringent Credit Checks: CIBIL • Auto Debit Mandate (NACH)
• Avg. Bureau Score: 700+ • Background Check: Education & Profession • Sec. 25 Payments & Settlement
• Avg. Annual Income: 9 Lakhs + • Banking Checks: Statement Analysis Systems Act: Criminal Proceedings
• Avg. Tenure: 12 Months • Location: Largely Tier I & II • CIBIL Impact: Defaulter Tag
• Avg. Loan Value: Rs. 50,000
 SECTION 4

SECTION 1
RISKS IN DEBT INVESTMENTS
ABOUT THE COMPANY &
PROMOTERS
 FIXED INCOME PRODUCT RISKS

Key Risks Mitigation Impact

Fund Flow structure is similar to MFs – Funds never flow to LiquiLoans

Counter Party
Escrow & Trustee Mechanism Balance-sheet / Bank Account

High Diversification Even in crisis, high

Concentration (5-10x of Debt MFs i.e. Less diversification minimises impact due to NPAs
than 0.5% Exposure to 1 Borrower)

Exposure only to Safest i.e. Lowest NPAs as borrowers

Credit Risk Creditworthy Retail Borrowers sourced have high ability & intent to repay
(Avg. 700+ CIBIL Score)

Interest Rate Risk No correlation to Interest No MTM and Volatility

Rate Movements

Alignment LiquiLoans earns NO Fees/Income 100% Alignment, whereby

till the Investor earns full Capital + Return investor’s interests are fully safeguarded
 PERFORMANCE & SAFETY MARGIN

GROSS NPA TRAJECTORY MARGIN OF SAFETY

13%
PRE-COVID COVID POST-COVID
COVID PRE-COVID

1.60% 1.63%
1.27%
0.94%
0.85%
0.68%
0.28% CRISIL’s
Worst Case Estimate
0.08% (2.06%)
Peak G.NPA
Mar-19 Sep-19 Mar-20 Sep-20 Oct-20 Mar-21 Sep-21 Mar-22 (1.63%)
Current G.NPA
(0.68%)
 SECTION 5
SECTION 1
INVESTMENT SCHEMES
ABOUT THE COMPANY &
PROMOTERS
 INVESTMENT SCHEMES
SCHEME TYPE LIQUID LOCK - IN
SCHEME TYPE LIQUID LOCK - IN
MHP (TENURE IN MONTHS) NIL 3 6 12 24 36

YIELDS (UPTO XIRR) 8.00% 8.60% 9.00% 9.25% 9.35% 9.10%

WITHDRAWAL ALLOWED NOT ALLOWED

SCHEME TYPE FLEXI-LOCKIN (DOUBLE ADVANTAGE)

MHP (TENURE IN MONTHS) 12 24 36

YIELDS (UPTO XIRR) 8.75% 9.00% 9.00%

WITHDRAWAL ALLOWED
YEAR 1 YEAR 1 7.25% 7.00% 7.00%
YIELDS ON EARLY
YEAR 2 YEAR 2 - 8.00% 8.00%
WITHDRAWAL
YEAR 3 YEAR 3 - - 8.50%

MINIMUM AMOUNT: Rs. 10,000

INVESTMENT VALUE
MAXIMUM AMOUNT: Rs. 50 LAKHS PER PAN
PAYOUT OPTIONS
PAYOUT OPTIONS MONTHLY INTEREST PAYOUT / CUMULATIVE

MHP: Minimum Holding Period

RBI Requirement: CA Certified Net-worth Certificate for >10 Lakh Investments
 WHY INVESTORS LIKE US

Easy Liquidity

Generate Inflation Beating Returns

Savings Discipline via SIP
(Net Return > Inflation Rate)

High Certainty & Margin of Monthly Income Generation

Safety

Un-correlated Asset Class Schemes Available for Short

& Long Term Goals
 SECTION 6
SECTION 1
PERFORMANCE
ABOUT THE COMPANY &
PROMOTERS
KEY METRICS – AS ON 30TH APRIL 2022

Rs.1182+
0.66%
Crs

TOTAL DISBURSEMENTS GROSS NPA

340,000+ 100%

TOTAL BORROWERS WITHDRAWALS HONOURED

100% SUCCESS RATE IN MEETING INDICATED YIELDS

 DISCLAIMERS
Details provided herewith are based on internal data, publicly available information, estimates and other sources believed to be reliable. The information contained herein are
strictly confidential and are meant solely for the information of the intended recipient and shall not be altered in any way, transmitted to, copied or distributed, in part or in whole,
to any other person or to the media or reproduced in any form, without prior written consent of NDX P2P Pvt. Ltd. (LiquiLoans). Any calculations made are approximations, meant as
guidelines only, which you must confirm before relying on them. The information contained in this document is for general purposes only. The document is given in summary form
and does not purport to be complete. The document does not have regard to specific lending objectives, financial situation and the particular needs of any specific person who may
receive this document. The information/ data herein alone are not sufficient and should not be used for the development or implementation of a lending strategy. The statements
contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and involve known and unknown risks
and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance may or may not
be sustained in future. Returns are dependent on prevalent market factors, secondary market and credit conditions. Information provided is neither an advice nor a
recommendation nor offer or solicitation of an offer. The information contained herein should not be construed as forecast or promise or guarantee or assurance. The contents of
this document should not be treated as advice relating to investment, legal or taxation matters. The recipient(s) are not being offered any assurance or guaranteed or fixed returns
on their investments. Please note that Past performances are not a guarantee/indicative of future performance. NDX P2P Pvt. Ltd. (LiquiLoans) may not be in any way responsible for
any loss or damage that may arise to any person from any inadvertent error in the information contained herewith. NDX P2P Pvt. Ltd. (LiquiLoans) takes no responsibility of updating
any data/information in this document from time to time. NDX P2P Pvt. Ltd. (LiquiLoans) nor any person connected with them, accepts any liability arising from the use of this
document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully
responsible / liable for any decision taken on the basis of information contained herein.

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