Our platform statistics
We aim to lend to high quality borrowers to ensure you are connected with like-minded people. Check out the details below to get to know our borrowers a little better. This data is hot off the press, automatically updated every day from our platform.
Our borrower profile
Here’s an overview of our current approved borrower characteristics.
Our borrower risk grades
Our approved borrowers are allocated a risk grade based on their strength across each of our credit criteria. The risk grade corresponds to the level of risk levy that applies to the loan and therefore determines the borrower’s overall interest rate.
- A Grade
- B Grade
- C Grade
- D Grade
- E Grade
Our A Grade borrowers
A Grade borrowers have the highest credit scores and a strong record of borrowing and repaying debt without missing repayments. They exhibit strong debt servicing capacity and are typically homeowners or have evidence of other assets.
Our B Grade borrowers
B Grade borrowers have high credit scores, solid credit histories and a record or repaying debt without missing repayments. They typically have a strong debt servicing capacity and are often homeowners or have evidence of other assets.
Our C Grade borrowers
C Grade borrowers have solid credit scores, sound credit histories and a record of meeting existing repayment obligations. They have solid debt servicing capacity and bank account conduct.
Our D Grade borrowers
D Grade borrowers have sound credit scores and debt servicing capacity but may have more limited credit information available or an isolated missed repayment obligation in the past.
Our E Grade borrowers
E grade borrowers have satisfactory credit scores and debt servicing capacity but may have more limited credit information available or have missed repayment obligations in the past.
Our performance statistics
|Actual lifetime bad debt rate
The current level of bad debt (defaults less recoveries) as a proportion of total lending in the year
|Expected lifetime bad debt rate
The expected level of bad debt (at loan origination) as a proportion of total lending in the year
|Actual arrears rate
The balance of loans which are more than 45 days behind schedule as a proportion of total lending in the year
The percentage of total lending in the year that has been repaid to date (this includes both principal repayment as well as bad debt)
Figures accurate as at 1 January 2018 Past performance is not necessarily an indication of future performance.