Loan book update: December 2015

loan book update

We’re pleased to release an update to the RateSetter loan book. The updated loan book contains information about every loan originated through RateSetter since our launch in late 2014 until 31 December 2015, when we passed $20 million in loans funded.

We believe that transparency is the cornerstone of P2P lending. Open data allows those investing in consumer loans and applying for personal loans to make informed decisions, ensuring peer-to-peer lenders like RateSetter are accountable for the quality of loans they facilitate.

We are delighted to show that our loan book continues to perform well, with not one of our 1,239 personal loan borrowers having defaulted as at 31 December 2015.

We are also delighted that our Provision Fund has continued to grow strongly, exceeding $1 million early in the New Year, helping to protect our lenders from borrower late payment or default.

Download the loan book data

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 home ownership status.

This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of RateSetter as at the date of publication and may later change without notice.