PORTFOLIO FACT SHEET

As on 30th April, 2023

Private & Confidential

TOTAL DISBURSALS TOTAL BORROWERS TOTAL LENDERS

INR. 2882+ Crs 741,000+ 98,000+

RENEWAL VALUE % WITHDRAWALS MONTHLY PAYOUTS

AVG. GROSS XIRR HONOURED
(LAST 6 MONTHS) HONOURED
~24%+ 100%
92%+ 100%

LOANS DISBURSED BY TICKET SIZE BORROWER’S ANNUAL INCOME

W.AVG TICKET SIZE: W.AVG. ANNUAL

INR. 50K INCOME: INR. 11 Lakhs+

14%
<=100K 79% <3L
36% 3L-10L
100K-200K 13% >=10L

50%
>=200K 8%

CREDIT SCORECARD TENURE OF LOANS

W.AVG. SCORE: W.AVG. TENURE:
767 [Excl. NTC] 12.31 Months
9%
>=800 15%
<=12M
701-800 63% 12M-24M
32%
59% >24M
600-700 6%

NTC 16%

BORROWER’S FOIR SCORECARD SEGMENT WISE LOANS

W.AVG. FOIR:
38%
10% 10%
<=20 36% Healthcare
Education
21-40 38% 28%
Fintech

41-60 18% 52% Others

>=60 8%
 PORTFOLIO FACT SHEET
As on 30th April, 2023

Private & Confidential

DEBT CEILING

What is the US Debt Ceiling?

Every year, the U.S. Government agrees on a budget for government spending for activities like military
expenses, social security, medicare etc. It also sets tax slabs for citizens and corporates who then indirectly
pay for these expenses. Managing the flow of money i.e., collecting requisite taxes and disbursing funds for
various budgeted activities is under the prerogative of the U.S. Treasury.

A deficit is when tax revenue is less than government spending. When this happens, the treasury needs to
make up the difference by borrowing funds to match the spending requirements. The treasury then borrows
money by issuing bonds to investors like U.S. citizens, pension funds and foreign governments. The debt
ceiling is the limit on how much the treasury can cumulatively borrow by issuing bonds. The debt ceiling was
created during World War I to make the U.S. govt. fiscally responsible. Despite this limit, the U.S. govt. can
approve a budget with a deficit that’s more than the debt ceiling. To do this, it must also vote to raise the
ceiling to cover expenses. When options run out, the government declares a sovereign default. This means it
can’t repay its debts because of lack of resources or willingness to do so.

What happens if the Debt Ceiling is breached?

The U.S. govt. has not had an annual surplus since 2001 i.e., it has had to borrow since then to fund govt.
operations. Till date, the U.S. govt. has always avoided default by raising the debt ceiling. If it doesn’t,
essential services such as public health and security would be interrupted, and the United States’ global
reputation would be damaged. This could potentially lead to: (a) recession, (b) dollar’s value erosion,
(c) GDP fall, (d) heightened volatility in the markets, (e) massive job losses, (f) freezing of federal benefits,
(g) increase in interest rates etc.

However, increasing the limit again will just be a temporary fix and not a perennial solution which investors
are lobbying for the Government to come up with. Removing the limit would result into inflationary pressures
on the US economy which could prove disastrous for the world economy as well. In 2011, on account of
deficit reductions demanded by the republicans in congress to approve the increase in debt ceiling, the
U.S. Treasury debt was stripped of its AAA rating by S&P – a rating it held for more than 70 years.

Current Situation
The debt ceiling limit has already been increased more than 78 times since 1960. Since 2000, the debt has
grown from $5.6 trillion to over $31.38 trillion i.e. a massive 460% increase. Currently the limit on this debt is
$31.4 trillion. The due date for reviewing this limit is 1st June 2023 where the senate would vote on the
outcome. It is estimated that a negative outcome will lead to an estimated $12 trillion blow to the U.S.
economy. The global economy is already fragile on account of high inflation & multi-decade high interest
rates. The current situation has left the world-wide investor community jittery as the outcome of the senate’s
decision is still uncertain.

Company Name: NDX P2P Pvt Ltd. | Trustee: IDBI Trusteeship Services Ltd. | Escrow: IDBI Bank Ltd.

Disclaimers: This Fact Sheet dated 30th April 2023 has been prepared by NDX P2P Pvt. Ltd. (LiquiLoans) is based on internal data, publicly available information and other sources believed to be reliable. Any
calculations made are approximations, meant as guidelines only, which you must confirm before relying on them. The weights and averages across parameters are based on some of the data received directly /
indirectly / shared by third party or are estimated and may vary from the actuals. For all active loans, most parameters (FOIR, Annual Income, Tenure & Credit Score) are weighted by outstanding values and
Ticket Size is weighted by outstanding count. 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. 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.