Loan Statistic

We believe that transparency is key to our lenders to make judgement on the overall performance of a platform. 

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To gain a greater understanding and transparency on how our peer-to-peer platform is performing. Loan statistic provides valuable insight into the performance of the platform's loan portfolio. 

Expected Default
 

Our approach is to always prevent a loan from defaulting. We try to prevent this by doing rigours due-diligence on our borrowers and the assets they look to secure a loan against and understanding our borrower’s ability to repay the interest and capital at the end of the loan term.

However, circumstances can change and a borrower may run into difficulties in paying the loan back. To assist our lenders in helping them to determine the level of defaults they should expect, we have provided below a table setting out our predicted percentage of defaults.

The expected default rate has been developed using statistical data from similar and industry knowledge of the directors. Actual default rates may increase or decrease depending on the volume of lending and borrowers personal abilities to repay the debt.

 

 

        2020

 

 

 

 

Expected Default rate*

      5.62%

       

Actual Default Rate**

 

       

Actual losses***

 

       
*Expected default rate - this is prior to any recoveries taking place and is reflected as a percentage of all defaulted loans which can arise at any time over the lifetime of the loan, as a percentage of loans originated in the calendar year of the loan.

**Actual default rate - this is prior to any recovery taking place and is reflected as a percentage of all defaulted loans which can arise at any time over the life of the loan, as a percentage of loans originated in the calendar year of the loan.  
 
*** Actual Losses - represent the total amount loss, for loans which have defaulted. 

Actual Losses


When a default occurs, we take a number of steps and go through processes to carry out the recovery (please view our Default Process Page) and sell the asset to return the capital and interest.  
 
In certain cases, the fund's returned may be less than the amount you've invested. The asset is subject to possible changes in value and it is possible that during the loan term, the value of an asset may decline. This is a possible risk. Where this occurs, we will demonstrate the accumulative losses as a percentage for the year the loans originated in the table above.