P2P lending – An alternative way to Grow your money www.i2ifunding.com P2P lending – An alternative way to Grow your money Index Introduction………… …………………………………………………………………….…..... 3 Minimum Risk, Maximum Returns…………………………………………………… 4 The Alternative to the Bank Fixed Deposit………………………………………. 7 Why Peer to Peer lending is a winner across investment options? ...... 10 5 reasons P2P lending must be a part of your investment portfolio…... 13 i2ifunding – one of leading peer to peer lending platform in India…….. 16 Investor FAQs ……………………………………………………………………………………. 17 i2ifunding Team…………………………………………………………………………………. 23 Note from i2ifunding CEO…………………………………………………………………… 24 -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ www.i2ifunding.com 2 P2P lending – An alternative way to Grow your money Introduction? Being rich is not about how much is earned but about the Net Worth, the size of the investments. Yet another measure of being rich is whether your investments can provide you an income equal to or bigger than what you earn professionally. We also call it the “passive income”. What counts as passive income? It includes dividends from stocks, income from debt funds, interest on fixed deposits, rental from property investments, etc. All these avenues have their pros and cons. Stocks can offer good returns but you assume high risk, fixed deposits are safe but offer lower returns, rental from property investments are more or less safe but a meagre 2 to 3%. Would these returns be enough to replace your professional income, safely, without undue risk? Probably not. The one thing that is missing from the prescription is investing through the medium of Peer to Peer Lending. And in this ebook, you will learn and understand this medium of peer to peer lending. You will also learn about how to make double digit returns and generate a consistent, as good as safe income through a medium that is growing fast globally. P2P outscores several other investment instruments on the parameters of safety, liquidity and return. At the end, there are FAQs answered for you. In case you have more questions, you can ask Vaibhav Pandey, CEO and Co-‐Founder of i2ifunding.com. So here’s to building a passive income and a wealthy future for those who believe in investing. Warm Regards Team i2iFunding www.i2ifunding.com 3 P2P lending – An alternative way to Grow your money -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ Minimum Risk, Maximum Returns Here is a simple question for you. From the following 3 investment choices, which one would you select? 1. Minimum Risk, Minimum Return 2. Maximum Risk, Maximum Return 3. Minimum Risk, Maximum Return Your preference is obvious, option no. 3 – Minimum Risk, Maximum Return. Right? www.i2ifunding.com 4 P2P lending – An alternative way to Grow your money Why is that the case? To understand that let us first understand risk. The idea of risk is simple. It is the chance that the expected outcome will not happen. For example, if you lent Rs. 100, at 8% rate of interest for 1 year, you expect that at the end of 1 year, you would receive the principal of Rs. 100 back as also Rs. 8 as the interest. Now, if you were to be told that the person you have lent the money to is not in sound financial position. Hence, there is only an 80% chance that he would return the principal or loan amount to you. Here, the 20% chance of your money not coming back to you is the risk. The question now is how do you make risk work for you and get higher returns? Let’s consider the original 3 choices that were offered to you: Investment option 1: Minimum Risk, Minimum Return This one is a no-‐brainer. A Bank FD is an example of such an investment where your principal and the interest on it is almost guaranteed. The risk is close to zero in this case. If you are looking for absolute safety, Bank FD, PPF, Post Office Deposits, etc are the investment options you would prefer. The question is would you be satisifed with this return? Let’s move to the next option. Investment option 2: Maximum Risk, Maximum Return In this option, the investment is exposed to the maximum risk in a bid to achieve the maximum gains. The chances that you will lose your money are very close to 100%. Ponzi schemes (heard of Bernie Madoff?), hedge funds, complex structured financial products, venture capital, even some stock market investments represent this investment option. These scheme usually promise returns of 10x, 20x or 100x in a very short period of time. (x means times multiple). It is highly unlikely you would deliberately put money into something like this. However, sometimes greed overpowers us and we pass away our hard earned www.i2ifunding.com 5 P2P lending – An alternative way to Grow your money money to such schemes. There are enough cases out there. However, as a general rule you should avoid them. So, this one is also ruled out. Let’s move to our final option. Investment option 3: Minimum Risk, Maximum Return That’s what any smart investor would do. Earn the maximum return for a minimum reasonable level of risk. This brings us back to our theory of risk and return. When you take some risk with your money, you would want to be compensated with higher returns for taking that risk. In an earlier example, you lent your money to someone who had a 80% chance of returning it. In that case, an 8% return would not be sufficient. You are taking risk here. An 8% return is more suitable for a safe Bank FD. While there is a whole lot of science to determine how much return should be expected for risk that you take, we will keep it a little simple here. For an investment with a minimum reasonable level of risk, an expected return would be around 15% per year. Equity investing too falls under this category. However, it could take years for you to realise the return for the risk you have taken in equities. A relatively safer option is that of Corporate Deposits. They would offer to you fixed interest of around 11% per annum. Another unique option that you should consider is that of peer to peer lending such as that offered by i2ifunding.com. It enables you to earn an average 16% rate of interest per year on the money you lend through its platform. And yes, unlike equity, you do not have to wait for years to receive this return. It comes to you on a monthly basis. It is one of the best ways to make an ideal investment with Minimum risk, Maximum return. -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ www.i2ifunding.com 6 P2P lending – An alternative way to Grow your money The Alternative to the Bank Fixed Deposit The recent drop in interest rates has left many of us fuming. The Bank Fixed Deposits currently are offering anywhere between 7 to 7.5% -‐ almost a percent point lower than a year ago. The news is there is more rate cut coming. The inflation and the income tax further ensure that the final real value in your hands is negative. The question thus everyone is asking is “what is the alternative to the Bank FD”? It becomes imperative to search for an investment that will not only provide the safety similar to fixed deposits but also help you protect the purchasing power of your money from taxes and inflation. www.i2ifunding.com 7 P2P lending – An alternative way to Grow your money Usually the options that you would consider include a PPF, Post Office Deposits, National Savings Certificates, etc. They are safe and provide a fixed rate of return/interest. But each one of them has their limitations. Let us consider today and learn about a unique investment that you may not have considered so far. This opportunity is to lend money at a fixed rate of interest. Peer to peer lending platforms such as i2ifunding.com bring to you the opportunity to lend your money and earn interest as high as 18% to 20% per year. That’s almost double than what a fixed deposit can get you. Sounds risky? You have read that high returns come at a higher risk. Isn’t it? Why would someone be willing to pay so much? Let’s understand this in a little detail. Peer to peer lending works like a community Have you ever given loan to a friend when he was in need and who returned it later? (Of course, you do not charge interest to a friend!) www.i2ifunding.com 8 P2P lending – An alternative way to Grow your money Your answer would most likely be “yes”. Great! In peer to peer lending too, you are lending your money to other people. These people may not be your friends though. The question that arises is how do you ensure that your money is repaid. To understand that, let’s first understand how the borrowers are selected. Who are the borrowers? The platform of i2ifunding has, through strict filtration criteria, made a list of people who need money for their various needs. These borrowers include individuals and businesses. • The filtration criteria include detailed information of the borrower with physical verification and assessment of credit reports. • The money that you lend is further governed by a duly stamped legal agreement signed by the borrower as well as the lender. • Regular follow-‐ups and reminders are sent to the borrower to repay the installments in time. With this process in place, so far there have been zero repayment defaults. So you see, your money is as safe as it can be. Why are these borrowers willing to pay a high rate of interest? Unfortunately, these borrowers do not get loans easily through the normal banking system. It doesn’t mean that they do not have the capability to repay. The real reason is that they do not pass the minimum borrowing criteria set by banks and may be considered high risk. Take for example, a small business. The business needs money immediately to fulfil an order that it has received. It goes to the bank but the bank, for various reasons, rejects the application. What’s the option for the businessman? It is to go for an alternative like peer to peer lending. www.i2ifunding.com 9 P2P lending – An alternative way to Grow your money Why Peer to Peer lending is a winner across investment options? In 2006, the world’s first peer-‐to-‐peer (p2p) lending platform, Zopa began operations in the UK. Since then peer to peer lending has spread rapidly across the globe. Soon after Zopa was launched in UK, LendingClub was started in US. Another company called Prosper followed it. The trend quickly caught on in other countries too such as Australia, New Zealand and China. So much so that peer to peer lending is now one of the favourite borrowing option for several people and an equally favourite investment option for investors. Today, US has the highest amount of funds lent through Peer to Peer segment while UK ranks no. 1 on the basis of highest per capita loans. www.i2ifunding.com 10 P2P lending – An alternative way to Grow your money Why is peer to peer lending gaining so much ground? The reasons are quite simple. After the credit crisis hit in 2008, financial institutions including banks became cautions with credit. They did not want a repeat of the horrors of the credit crisis, which almost put them on the brink of bankruptcy. As a result, credit was squeezed to the consumers. They were looking for alternative avenues to borrow. Further, interest rates too started going downwards. Investors could do just as well by keeping money under the mattress and it would have hardly made a difference. Stock markets were in any case on a downward roll. Not to mention their volatile movements and the associated risk and uncertainty, which again did not inspire any confidence in the investor. The conditions were thus ripe for the emergence of peer to peer lending with the benefits it had to offer not just to the borrower but also to the investor or the lender in this case. Enter Peer-‐to-‐Peer lending Now all those who couldn’t get the banks to fund their credit requirements started to approach peer to peer lending platforms where they found reliable credit at much lower rates of interest than what a bank would offer to them. On the other hand, investor’s trust on the banks was dwindling. They did not want to rely on banks anymore and handle their money by themselves. Peer to Peer lending platforms brought them the opportunity to do it. It was an attractive investment option too. Investors also realized that instead of keeping the money in the bank which hardly covered inflation, Peer to Peer lending platforms enabled them to earn a better fixed rate of interest (even after adjusting for the fees and taxes). Peer to Peer Lending beats other investments by a mile Not us, the numbers say so. Take a look at the table below: www.i2ifunding.com 11 P2P lending – An alternative way to Grow your money In the table, we have compared various financial investments such as Interest on Fixed Deposits offered by banks, Stock Market returns and Bond Index Returns (for Investment grade corporate bonds) across 5 countries, namely, US, UK, Australia, China and India. As is evident, Peer to Peer lending as an investment option has outperformed every other investment option including stocks and safe fixed-‐return bonds. It makes your money work harder for you with stable and consistent returns. It is becoming a preferred investment option across geographies including India. While it has grown steadily in other countries including the neighbouring China, India too is fast catching up to this phenomenon. By 2020, the size of peer to peer lending in India is expected to be at Rs. 30,000 crores. The experience so far has been very encouraging too. The biggest risk in lending is that of default. But the loan repayment ratios are healthy especially because the borrower selection process of p2p platforms is very rigorous. For instance, i2ifunding.com has close to 100% repayment rate on the loans matched on its platform. It is fast becoming a favorite alternative for investors seeking higher fixed income with lesser or no risk. -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ www.i2ifunding.com 12 P2P lending – An alternative way to Grow your money 5 reasons P2P lending must be a part of your investment portfolio Peer-‐to-‐Peer Lending or P2P is emerging as an alternative and a sought after investment avenue. This is not without reasons. The benefits offered by p2p lending make it a relatively superior investment option compared not just to its fixed income counterparts but also to equity investments. World over p2p lending has emerged as a solid opportunity not just for borrowers but also lenders as an investment. Countries such as US and UK have led the growth of p2p lending. Currently, China is the largest p2p lending market in the world. The opportunity is now knocking doors in India too. (Source: http://www.financialexpress.com/article/fe-‐columnist/peer-‐to-‐peer-‐lending-‐ making-‐a-‐mark-‐in-‐the-‐fintech-‐market/239192/) Here are 5 reasons you should consider having p2p lending as a part of your investment portfolio. www.i2ifunding.com 13 P2P lending – An alternative way to Grow your money 1. Higher Returns When you make a p2p loan, you stand to earn interest rates of as high as 30% per annum. I2ifunding.com data shows that p2p loans are offered on an average interest rate of 16% per annum. That is a significant number compared to the interest offered by a Bank Fixed Deposit (6% to 8%). By offering loans to borrowers through an online lending platform such as i2ifunding, you get to earn significantly higher returns. Compare this to a Bank Fixed Deposit or Post Office Deposits; the returns could be as much as double or more. 2. Low Risk You understand the relationship between risk and return. Simply put, if you want higher returns, you have to take higher risk. Several investors fall prey to this correlation and to earn higher returns, they invest in equity through stock markets. Now, you don’t know if in a particular year your favourite equity will give you a dividend or not. And if the overall www.i2ifunding.com 14 P2P lending – An alternative way to Grow your money sentiment of the market is bad, you may even see your original investment dropping significantly in value. Worse, it could even lose value at times. This is too much to handle in the name of higher risk for higher returns. But that is not the case with p2p lending. The risk is far lower and that too only of default. Default means that a borrower may not repay the loan. But there are practices in place to ensure that it does not happen. The loans are offered only to verified borrowers that have been run through various checks including their credit history and physical address verification. This reduces the chances of loan default. In fact, in the experience so far with i2ifunding.com, there have been no defaults. P2P indeed offers the best of both the worlds -‐ the safety of debt and the returns of equity. 3. Regular Fixed Income Unlike other financial investments, where the interest is paid out quarterly, half yearly or yearly, you earn interest every month on your p2p loan. As you would realise by now, p2p loans are offered at a fixed rate of interest starting from 12% going up to 30% per year. The loan is repaid on a monthly basis including the interest. As a result, the interest amount reaches your bank every month, regularly. No more waiting for quarterly interest payouts from fixed deposits or dividend cheques from your equity investments. Earn interest every month, regularly. Talk of creating a passive income! 4. Flexible Tenures There are no long-‐term commitments with a p2p loan. You can offer loans to borrowers for a few months as well as for a few years. You can spread your investment across loans of various tenures such as 6 months, 1 year, 2 years, etc. You may never have to keep your funds idle as opportunities exist across time frames. The flexibility also ensures that you can time your investments in a way that you have the money available to you when you want it. 5. Diversification We all know that diversification is important to reduce the risk of a portfolio and www.i2ifunding.com 15 P2P lending – An alternative way to Grow your money to generate better risk optimized returns. P2P lending offers you a wonderful diversification option. Within fixed income instruments, you get to add one more lucrative investment, that is, p2p lending and diversify your investment portfolio; you also create diversification against your risky investment such as equities. Your portfolio stands optimized for risk and return. Didn’t the wise grandmother say “don’t put all your eggs in one basket?” How can you start investing through p2p lending on i2ifunding? i2ifunding.com is one of the foremost players in p2p lending in India. It offers an online platform where you can start making loans to a pre-‐checked and verified list of borrowers. I2ifunding also takes care of the entire process for you so that you can invest without a hiccup. It’s time that with a platform like i2ifunding, make p2p lending a part of your investment portfolio. -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ www.i2ifunding.com 16 P2P lending – An alternative way to Grow your money i2ifunding – one of leading peer to peer lending platform in India Peer to peer lending (or P2P Lending / P2P) in common parlance refers to a disruptive technology led innovation which helps an investor to fund borrowers without going through the traditional banking system. It is all set to change the way in which financial transactions are being currently carried out. i2ifunding is a market place for unsecured loans that can be used for multiple purposes which include purchase of consumer durable, debt consolidation (i.e. repayment of credit card debt etc.), medical expenses, education expenses, cash cycle optimization etc. The entire credit process is transparent, quick and easy. Apart from providing end to end services, i2i diligently evaluates the credit risk of each of the loan projects post which it assigns risk category and recommends an interest rate for that project (a borrower can borrow at an interest rate which is higher than or equal to this rate). This helps the borrowers as well as the investors to have a benchmark while finalizing the interest rate. In the process, the investors get an opportunity to earn higher 'risk adjusted returns' while the borrowers get an opportunity to get funded at the lowest cost possible as per their risk profile and market based demand. We at i2i believe that our stringent screening criteria in selecting loan projects, our thorough due diligence, and our strong relationship with investors would help both the investors and the borrowers to seamlessly transact at the portal. Our core team comprises industry veterans as well as alumni of leading institutions such as IITs and IIMs. -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ www.i2ifunding.com 17 P2P lending – An alternative way to Grow your money Investor FAQs Investment & Eligibility Q. Is there any eligibility criteria to be an Investor? A. An investor should be a resident of India and above 21 years of age. He / she should have a valid bank account and a valid PAN number. Not more than 30% of his / her gross income should be derived from lending to individual borrowers. Please refer the section, “Getting Started” for investors for further details. Q. How much money can an Investor invest? A. An investor can invest from Rs. 5,000 and above in multiples of Rs. 100. These limits are subject to change. However, total investment at any point of time should not exceed Rs. 5,00,000. Q. For how long can an Investor invest? A. An investor can invest for a period of 3, 6, 12, 18, 24, 30 or 36 months depending on the tenor of the loan. Q. Can a non-‐individual invest at i2i? A. Yes, it can do. Q. Why is investor's verification required? A. In order to be compliant with the laws of the land and to prohibit any malpractices, i2i conducts investor verification. Q. What information can be viewed about an investor? A. Once an investor has registered at i2i, other registered investors and borrowers can see his / her profile in the format set by i2i. However, contact information such as address or phone number will not be displayed in this profile. www.i2ifunding.com 18 P2P lending – An alternative way to Grow your money Loan Funding Q. How safe is to investment at i2i? A. i2i has placed stringent screening criteria for each loan to increase the safety of an investment. It collects various documents from the borrowers pertaining to their identity, address, income, credit rating etc. i2i also collects postdated cheques (PDCs) as security to be used in case of late payment or default. In addition, both the borrowers and the lenders are bound by legally enforceable Loan Agreement. During the process of signing the Loan Agreement, i2i may also conduct physical verification of the borrower to be doubly sure of veracity of the borrower. With a strong process in place, we expect to have robust loans listed at i2i. However, these loans are still subject to default risks. Hence, i2i will also take services of reputed collection agencies to recover any default. Q. How long does it take to find the borrowers? A. This primarily depends on investor’s return vs. risk requirements. However, an investor may also contact the borrowers through i2i messaging system to request them to increase their interest rates in order for their loans to meet investor’s requirements. Q. What is i2i Rating? A. i2i categorizes each of the borrowers in one of the six categories from A – F, A being the category with the strongest credit profile and F being the weakest. The i2i Risk Category is assigned based on i2i's proprietary Credit Score Model which is driven by data such as credit score from institutions such as CIBIL, borower's socio-‐economic factors, financial behavior etc.) by using i2i's proprietary Credit Score Model. This rating is visible to the borrowers as well as the investors. www.i2ifunding.com 19 P2P lending – An alternative way to Grow your money Q. What is an i2i Recommended Interest Rate? A. An i2i Recommended Interest Rate is ‘risk adjusted interest rate’ based on the i2i Rating and is calculated for each of the borrower by our underwriting team. A borrower can borrow at an interest rate which is higher than or equal to this rate. This rate is visible to all the borrowers and the investors. Q. Can an Investor increase / change the interest rate? A. No, the interest rate is set by the borrowers so that all the investors invest at the same interest rate following our principal of “one loan, one interest rate’. However, the investors can communicate with the borrowers using i2i messaging system to convey the borrowers their wish to invest at their desired interest rate. If a borrower agrees and increases the interest rate, the same will be applicable to all other investors for that loan. Q. What is a Loan Agreement and why is it important? A. A Loan Agreement is a legally binding and enforceable document between the borrower and the investors. It clearly outlines the recourse for all possible events as envisaged by i2i. The events include, investors not funding the loan, delay in repayment, defaults etc. This agreement is signed after paying requisite stamp duty to make it legally enforceable. Each party is bound by it. Q. When does an investor need to transfer the money? A. Once a loan is closed by the borrower, the requisite documents have been collected, verification process has been successfully completed and the Loan Agreement has been signed, investors are obligated to transfer money to the borrower's bank account. Q. How can an investor change the bank account details? A. Post registration an investor can change the bank account details by contacting i2i and payment of Rs. 200 as convenience fee. However, once any Loan Agreement has been signed by an investor, the investor will not be able to www.i2ifunding.com 20 P2P lending – An alternative way to Grow your money change that account for the purpose of repayment of that loan to avoid any sort of money laundering. Though, for new loans, the investor can change the account details. Q. Can an Investor cancel the commitment to fund a loan? A. An investor can cancel the commitment only in case there is misrepresentation / fraud committed by a borrower. In no other case, an investor will be allowed to cancel the commitment. In case an investor does so, i2i may impose severe penalty on that investor including barring him / her from conducting any new transaction on the portal. Q. Can an investor lend to more than one borrower? A. Yes, an investor can lend to multiple borrowers at a time. Q. How can an investor increase the size of Wallet? A. An investor can increase the Wallet size on payment Rs. 10 for every by Rs. 1,000. Please note that Wallet size can be increased in the multiple of Rs. 1,000 only. Q. Is interest income earned at i2i taxable? A. Yes, interest income will be taxed as regular income and the investor will be liable to pay the same. i2i will provide an annual interest income statement to the investor which he / she can refer to pay the taxes. www.i2ifunding.com 21 P2P lending – An alternative way to Grow your money Repayment Q. What are the modes of repayment? A. A borrower can make all the payment to investors by cheque, NEFT, demand draft or any other mode of payment as mentioned in the Loan Agreement. Q. How is repayment schedule calculated? A. Depending on the type of loan product, repayment schedule is calculated based on reducing balance method and is part of the Loan Agreement. However, the first repayment installment may be different depending on the date of disbursal. Q. Can an investor expect loan prepayment? A. Yes, an investor can expect partial as well as full prepayment. No prepayment penalty will be imposed on the borrower in such a case. Q. What happens in case of delay in repayment by borrowers? A. In case of delay (i.e. missing the due date as per repayment schedule mentioned in the Loan Agreement) in repayment, additional penal interest of 24% will be imposed on the borrower which will be payable to the investor(s). Please refer to the Loan Agreement for details. Q. What happens in case of default in repayment by borrowers? A. In case of default, i2i will facilitate the collections through empaneled agencies. Investor(s) may also proceed with legal proceedings on their own for which i2i may provide requisite support if sought by the investor(s). -‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐-‐ www.i2ifunding.com 22 P2P lending – An alternative way to Grow your money i2ifunding – Our Team Our Team: Vaibhav Pandey – • Vaibhav is an MBA from IIM Ahmadabad and has 10+ years of experience in generating business, driving operational efficiencies, and improving quality • He has hands on experience of preparing business plans for launching new business, market scoping, customer research, pricing strategy, operation and implementation strategy Raghavendra Pratap Singh – • Raghavendra is an MBA from IIM Calcutta and has 9+ years of global experience in Operations, P&L Management, E-‐ Commerce, New Product Development, and Corporate Strategy • He has managed various complex projects end to end, including project planning, solution identification, project cost management, risk assessment and mitigation planning, stakeholder management, project communication and governance Neha Aggarwal – • Neha is an MBA from XIM-‐Bhubaneswar and graduated from SS CBS, Delhi University with distinction in Finance • She has worked from brand management in FMCG sector to product development in financial sector. She has handled SHG & FDOD instruments in past of over $25 million. Manisha Bansal – • Manisha is a Chartered Accountant with domestic and overseas experience in financial services, NGOs, teaching and entrepreneurship. • She has successfully set up a recruitment consulting firm in the past with presence in India and Dubai. • Abhinav Johary – • Abhinav is an MBA from Amity Business School and has 9+ years of global experience in Operations Management, Business Excellence, Supply Chain Management in IT and E-‐Commerce industry • He has good exposure in setting up new processes from the scratch driving business expansion in multiple geographies and streamlining the operations www.i2ifunding.com 23 P2P lending – An alternative way to Grow your money Note From i2ifunding CEO Dear Valuable Reader, My name is Vaibhav, and I am CEO of a Fintech Startup. I am graduated from IIM A in year 2007. Before setting up my Fintech, I had spent 10+ years in setting up large scale operations from scratch, driving operational efficiencies, and building and leading large teams. We’ve a unique offering which will help you, in answering below listed challenges: ü What is the ideal portfolio composition for your clients? ü Have you been able to maximize risk adjusted returns for your clients? ü Have you been successful in creating diversified portfolio for your clients? ü How to maximize returns for your clients when equity market is in turmoil? ü What regular income products can you advise which also give high return? Peer to Peer, a highly unknown investment option might help you in solving these problems. This is relatively new model of investment. It helps individuals to lend to real people to meet their real requirements and earn interest rates in 12% – 25% range. While it is still at a nascent stage in India, it is one of the leading means of investment in countries such as the US, the UK, Germany, China etc. I’ve co-‐founded i2ifunding – a Peer to Peer lending platform in few months back. www.i2ifunding.com 24 P2P lending – An alternative way to Grow your money We’re one of the leading players in P2p lending space, and are growing very fast. It is an online platform which connects borrowers looking for money and investors looking for alternative investment opportunity. Some of the key benefits for investors are listed below: ü High returns ü First Loss Default Guarantee ü Stringent credit check of each loan using proprietary credit scoring model ü Loans Backed By Legally Enforceable Agreements and undated cheques ü Well diversified investment ü Opportunity to invest as low as Rs. 5,000/-‐ in a loan ü Hassle free online process, no paperwork involved ü A regular income product as repayment starts from first month We started our operations few month back in October 2015, and are currently serving lenders across India, and borrowers primarily from Delhi/NCR and Bangalore. Some key stats, you might be interest in Knowing about us: ü Have already completed 600+ registrations in last 4 months and are gaining momentum day by day ü Zero defaults or delayed payments till date which clearly demonstrates underwriting capability We’ve been recently covered in Economic times, and many other online media platforms. See our online media coverage here. What we are going to do for you; just to make sure that invest in right profile/borrower through our platform: ü Verified borrowers – ü 24x6 almost email & call support. www.i2ifunding.com 25 P2P lending – An alternative way to Grow your money ü Legal formalities -‐ Legally Enforceable Agreements and undated cheques, just to ensure that your money is lending to right person for right reason. In case you need any other information & want to know more about us, I am just a call away from you. Or you can always to walk to our office in Noida sector 65, in case you want to see us. We’ll be delighted to host you on may a cup of coffee or tea.. J Best Regards Vaibhav www.i2ifunding.com [email protected] www.i2ifunding.com 26
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