Here is the most recent update of our loan book report. It looks at all loans originated up to 31st December 2016.

 

We have changed the way we calculate the default rate on this report. Based on lender feedback, we have now excluded loans that were issued within the last 120 days when calculating the default rate. As a result the rate shown appears to have increased from 0.94% in Q3 to 1.14% now.

 

In actuality, the previous method of calculation would have shown a fall in the default rate to 0.84%. The apparent rise is a direct result of excluding new loans from the total loan book figure when calculating.

 

We’ve also changed the ‘Loans by Industry’ chart. It now shows only the top 5 industry sectors.

 

As always, if you have any questions or comments feel free to let us know below…