SDI backed by 3350+ personal loans

Investment Description

• Gross yield of 12.8%
• Weighted average security cover of 1.38x
• Nearly 3350 borrowers in the pool
• Credit Rating: A- (by CARE ratings)
• Monthly payout with maturity in Feb 2026
• Bankruptcy remote structure

Originator overview

• The loan pool is originated by Moneyview, an investment grade NBFC with presence across 36 states and UTs of India. As of Mar 24, the NBFC reported an AUM of ₹1,950cr with Gross NPA ratio of 1.0%
• The NBFC is backed by institutional investors such as Tiger Global, Accel India, Ribbit Capital etc

Borrower pool

• Weighted average CIBIL score of the underlying borrowers is 748, with minimum CIBIL score of 701
• Weighted average fixed obligations to income ratio of the borrower pool is approx 43.1%
• The transaction is structured to provide weighted average security cover of 1.38x at the time of origination