11.50% XIRR, 1 year 2 days maturity
~ Every 3 Months
~ Every Month
Personal loans to Salaried, Student, Self employed people
1.2X of asset size
₹ 50 Cr
Technical Details Who is issuing the bond?
Quadrillion Finance Pvt. Ltd. (QFPL), is a Bengaluru based NBFC, engaged in the business of unsecured retail financing to the salaried class, student segment and self-employed; through the mobile application named ‘Slice’. The product profile includes Slice Credit Card, credit through bank transfer or Paytm and electronic gift voucher. Company is using tech platform owned by its parent company - Garagepreneurs Internet Private Limited (GIPL). The parent is Corporate Guarantor for the issuance.
|AUM (cr) (QFPL)||1,051.10||146.57||44.46|
|Profit After Tax (Cr)||17.11||0.38||0.65|
|Net Proft margin||13.05%||0.99%||5.50%|
The Total Networth of parent GIPL is INR 973.4 cr as on Dec 31, 2021.
The company is backed by marquee Private Equity investors like Tiger Global and Insight Partners. Other investors in the company include Advent International's Sunley House Capital, Moore Strategic Ventures, Anfa and existing investors Gunosy, Blume Ventures and 8i.
Calculator Visualise your re-payments
Sample Investment of INR 10,000
|Date||Principal Repayment||Interest Payment||Total Cashflows|
How to invest?
Submit application online
Our representative will contact you within 24 hours
Submit required documents like KYC, Demat details, Bank proof for transaction
Verification & Transfer of funds
Transfer of Bonds:
For more than 20 units, same day transfer. Else, credited to demat account the next day.
Prerequisite for Investments
Soft copies of basic KYC documents will be required as mentioned below, there will be no application form to be signed
a)Self-Attested Pan Card
b)Self- Attested Address Proof ( Aadhar/Passport / Utility Bill )
c)Demat proof (CML Copy)- CML copy can be taken from respective Depository
d)Bank Proof (with A/c number & IFSC details). Bank proofs can be: Cancelled Cheque leaf/ Bank statement with IFSC details
Pool Criteria for the security
Eligibility Criteria for the Hypothecated Receivables:
Each asset provided as security must comply with the portfolio origination criteria below:
Non-Eligible receivables shall be replaced with fresh portfolio of same amount within 30 calendar days from the day they become Ineligible.
Q : What will be minimum investment ? Can a Investor buy bonds worth Rs.15000 ?
Ans: Face Value per bond will be Rs.10000 which will be minimum investment per investor, Buyer can invest in Multiple of Rs.10000
Q : What Documents are required for Investment , will there be any application form required ?
Ans: Soft copies of basic KYC documents will be required as mentioned below, there will be no application form to be signed
a)Self-Attested Pan Card
b)Self- Attested Address Proof (Aadhar/Passport / Utility Bill)
c)Demat proof (CML Copy)- CML copy must be taken from respective Depository
d)Bank Proof (with A/c number & IFSC details).
Bank proofs will be: Cancelled Cheque leaf/ Bank statement with IFSC details
Q. What will be the mail id to send the KYC Documents?
Q : Can NRI Invest in SLICE Bonds
Ans: NRI investors will not be allowed to invest in SLICE Bonds via Cred Avenue platform.
Q: When will the Interest on Securities / Bonds start?
Ans: Interest will be calculated from the day of Credit of Bonds in Investors demat account.
Q. How will the Individuals receive the TDS certificate?
Ans: TDS certificates will be issued by Issuer ( SLICE ) and sent to debenture holder directly
Q. What is the taxation on secured Non Convertible Debentures?
Ans: The taxation on the interest will be as per your Income Tax slab. 10% TDS will be deducted by the Issuer at time of payment of interest.
Q. How will the Investor receive money?
Ans: Interest & Principal Payout will be done by Issuer to Debenture holders Bank account directly (Bank account which is mapped to Demat account where debentures are lying)
Q. How are returns calculated on my investments?
Ans: The returns on the assets are calculated basis XIRR Returns. In the current Issuance the returns are 11.50% Pre-Tax.
Parties to the issue
Bonds Issuing NBFC:
Quadrillion Finance Private Limited (Slice)
Trustees to the Issuance: Catalyst Trusteeship Limited
Corporantor Guarantor: Garagepreneurs Internet Private Limited
Why invest with CredAvenue
₹5000 Cr+Issuance Volume in FY 21-22
6.5%-13%Issuance Volume in FY 21-22
40%*+Market Share in MLD
AA+ to BBBDiversified issuances across the risk curve
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