Credit performance

Delivering an exceptional credit track record as we grow our lending volumes

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The importance of transparency

We believe transparency is fundamental to earning investor trust. That’s why we provide you with information and statistics to allow you to make informed investment decisions.


20,000+ registered investors


$700M+ loans funded


$40M+ interest earned


100% of principal and interest returned

Annual cohort credit performance

Since our launch in 2014 we have proven our ability to measure and manage credit risk, whilst ensuring borrowers contribute more money to the Provision Fund each year than credit losses incurred.

Data as at 15 June 2020

Controlled, deliberate growth in lending volumes

Lending money is easy. We are focused on only lending to creditworthy borrowers who we believe can repay their loans.

Data as at 15 June 2020

Loan book

We’re proud to be the first lender in Australia to regularly release our loan book. Our latest loan book release contains information about every loan originated through the RateSetter Lending Platform since our launch in late 2014 to 31 March 2020, when we passed $650 million in loans funded.

Data in the loan book includes loan amounts, interest rates, loan purpose and anonymised information related to borrowers such as age, gender, state/territory of residency, employment status, income bracket and homeownership status.

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INVESTMENT RISKS

What are the risks associated with peer to peer investing?

As with every investment, investing in the RateSetter Lending Platform is not without risk.

Borrower late payment or default

A borrower or series of borrowers to whom your funds are lent may delay or stop payment on a loan or default on a loan. You may be protected by RateSetter making a claim to the Provision Fund, however, there is no guarantee nor warranty as to any protection from the Provision Fund, and as such you may suffer financial loss as a consequence of borrower late payment or default.

No Provision Fund protection

We may make a claim to the Provision Fund to compensate you in the event of a borrower late payment or default. However, the Provision Fund is not an insurance product and we cannot guarantee or warrant that you will be compensated. RateSetter has discretion as to whether to make a claim and may determine to only make a partial claim or not to make any claim if, amongst other reasons, there are insufficient funds in the Provision Fund to cover all expected claims in relation to existing loans.

Where the Provision Fund buffer is greater than the value of expected losses, it is our expectation that the Provision Fund Claims committee will make a claim to the Provision Fund to compensate lenders for the full amount of any borrower late payment or default. If the Provision Fund Claims Committee determines that there may not be sufficient funds in the Provision Fund to cover all expected future losses (based on loans currently outstanding), then it may reduce the amount it seeks to claim from the Provision Fund to compensate for borrower late payment or default. For example, the Provision Fund Claims Committee may make a claim on the Provision Fund to compensate an investor for amounts of unpaid principal, but not interest, or may decide to delay any claim for interest until a later date.

If you are not compensated by the Provision Fund in the event of borrower late payment or default, you may benefit from debt collection or recovery processes that RateSetter may undertake, which may or may not recover any funds. In such circumstances, RateSetter may also assign your loan to a collections agency or the Provision Fund for consideration.

No deposit guarantee

Your investment is not a deposit and does not have the benefit of depositor protection laws as it would have if it were an amount deposited with an Australian ADI.

Investment longer than indicative term

In the 1 Month Rolling lending market, your funds may need to remain on loan to a borrower or series of borrowers in a lending market, beyond the indicative term. This may occur if, at the end of the indicative term, there are insufficient lender funds available to replace your funds in a loan. This period could be as long as an additional thirty-five months.

If your funds in the 1 Month Rolling lending market are committed to a loan beyond the indicative term, your funds may be returned to your holding account if your investment in the relevant loan is able to be replaced with the funds of a different investor, subject to the funds replacement buffer. If your funds are committed for a longer period, you will continue to receive payments (where paid by the borrower or you are compensated by the Provision Fund in the event that a borrower is late making payment or defaults) and your interest rate will remain the same.

Your investment may also be longer than the indicative term in the event that a borrower or series of borrowers to whom your funds are matched are late in making payment and you are not compensated by the Provision Fund or other collection or recovery efforts.

Whilst care has been exercised when compiling and publishing this data, we do not represent that this data is free from errors or omissions. Data may be updated at any time without notice. Past performance is not a reliable indicator of future results. Read the Product Disclosure Statement before investing.

All figures stated represent the RateSetter Lending Platform only unless stated otherwise.