The people’s bank that LiquiLoans has built
6 months, 1 week ago

The people’s bank that LiquiLoans has built

Live Mint  

The conference hall in Pune was packed. To retail investors who have long complained about low interest rates, an indicative 10% rate on idle savings seemed like a great deal. LiquiLoans also has an algorithm that automatically assigns a customer’s investment to hundreds of small loans, spreading out the risk. In the past, LiquiLoans also got some of its loans rated by rating agency Icra, something which a P2P lender cannot technically do because the platform doesn’t own the loans. Through the use of its algorithm, LiquiLoan seems to have cracked the customer convenience code–few small investors want to themselves look through loan listings and give out small-ticket loans.

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