What we look for in our borrowers

We're not the right lender for everyone. Our focus is on high quality borrowers who pass our creditworthy checks with flying colours. 

The data on this page is hot off the press, automatically updated every day from our P2P platform.

Four hands stacked on top of each other

Our average borrower

They're pretty decent buggers. We inspect their credit history with a fine tooth comb and make sure they're up to a standard our investors are happy with. After all, since we're a peer to peer lender it's people's hard earned money they're borrowing.

Here’s an overview of our current approved borrower characteristics.

Male

54%

Female

46%

Average income

$57,451

Average age

36

Secured loans

34%

Own a home

40%

Not necessarily used as security.
Location

Auckland

Average loan size

$16,679

Loan purpose

Debt Consolidation

Our borrower risk grades

Our approved borrowers are allocated a risk grade based on their strength across each of our credit criteria. The risk grade corresponds to the level of risk levy that applies to the loan and therefore determines the borrower’s overall interest rate.

Our A Grade borrowers

A Grade borrowers have the highest credit scores and a strong record of borrowing and repaying debt without missing repayments. They exhibit strong debt servicing capacity and are typically homeowners or have evidence of other assets.

Our B Grade borrowers

B Grade borrowers have high credit scores, solid credit histories and a record or repaying debt without missing repayments. They typically have a strong debt servicing capacity and are often homeowners or have evidence of other assets.

Our C Grade borrowers

C Grade borrowers have solid credit scores, sound credit histories and a record of meeting existing repayment obligations. They have solid debt servicing capacity and bank account conduct.

Our D Grade borrowers

D Grade borrowers have sound credit scores and debt servicing capacity but may have more limited credit information available or an isolated missed repayment obligation in the past.

Our E Grade borrowers

E grade borrowers have satisfactory credit scores and debt servicing capacity but may have more limited credit information available or have missed repayment obligations in the past.

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