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Loan Book Report Q1 2017

Posted by Lorcán Kavanagh on Apr 13, 2017 2:34:15 PM
Here is the most recent update of our loan book report. It looks at all loans originated up to 31st March 2017.
 
Q1 was the biggest quarter in the history of the platform. We originated more than €5.1 milllion in loans in the first three months of the year. This was up 43% on the previous quarter and it is more than we originated for the entire year in 2015.

There were three more loans late by 30 days or more at the end of this quarter than there were at the end of last quarter, however, no new loans have entered default and, due to ongoing collection efforts, the value of principal in default has come down since the last report.

As a result of this, and significant increases in lending, the overall default rate has decreased from 1.14% in Q4 2016 to 0.86%. 

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

 We recently introduced status updates for non-performing loans. Now you can see the most recent update for late loans, at any time, from within your Linked Finance account.

If you ever have queries about a specific loan that you are involved in, please feel free to contact help@linkedfinance.com. We are always happy to assist in any way we can.

Topics: Lending

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