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Ablrate Lending Statistics

Ablrate Lending Statistics

The latest lending statistics from Ablrate’s loan book

LENDER STATISTICS

Value of loans originated            

All loans facilitated by Ablrate and drawn down to a Borrower. A small number of loans pre-2016 may not have been available to all lenders on the platform.

Average Lender Interest Rate:

The annual interest rate receivable by lenders, excluding any losses or personal tax circumstances. The interest rate would be achievable if a lenders portfolio was spread across all the loans offered within a particular year (the same amount in each loan).

Loan Settlement per year

Performance figures generated by the full and final settlement of a loan either by the payment of the final capital and interest payment in an amortising loan or the bullet repayment for an interest only loan.

As a percentage of Loans provided in the year

Loan principal amount outstanding on loans classified Defaulted (see below for further information). Losses based on loan performance (reduced by recoveries where possible) expressed as a percentage of loans drawn down in that year.

As a percentage of the open loan book

Loan principal amount outstanding on loans classified Defaulted (see below for further information). Losses based on loan performance (after all recoveries possible) as a percentage of the current open loan book.

Expected/Projected Loss

Actual/projected losses that may occur from a defaulted loan as a percentage of loans drawn down in that year. Ablrate loans are supported by a security suite that enable recovery once a loan has defaulted. A loss may occur when the recovery of monies from the asset or security is lower than the outstanding principal amount of the loan.

Default Classification

Loans are classified as Defaulted one of the below has occurred, please note this is not an exhaustive list.

Credit Event/Delinquent

The loan is over 30 days past its expiry date and has not yet been fully repaid, or;

The loan repayments are more than 30 days overdue or greater than 1 payment in arrears, or;

Default

The loan is over 90 days past expiry or 180 days for property secured loans and has not yet been fully repaid, or;

The loan repayments are more than 90 days overdue, or;

Where information exists that casts sufficient doubt over the ability of the borrower to repay the loan in full.

Loss

The actual or expected loss to investors, if any, on a loan in ‘Default’ after recoveries of the loan amount achieved and/or expected.