This is not true, fees are extremely important to the...

This is not true, fees are extremely important to the risk/return profile and I will explain why.

QRI promises a 6% p.a return to investors (5% plus cash rate)

Including their 2% fees, this means they need to write loans at 8%p.a to give us the 6% return.

If their fees were more reasonable at say 1%, then they could write loans at 7% p.a to give us the 6% return.

As the interest rate being charged goes up, the risk being taken on the underlying loan increases.

Most unlisted debt funds for high net worth's charge 0.5%, so 2% is way too high and only is possible because retail money isn't sensible .