Loan book performance
At Squirrel, we believe in transparency and we aim to provide you with all the statistics you need to make informed decisions about investing with us.
Here's our open loan book so you can take a look what's inside. With that said, please note that past performance does not guarantee similar performance in the future.
Platform stats and performance
Loans funded in the last 7 days
All terms
$11,866,224
Home loans - 1 year
$4,168,445
Construction loans - 2 years
$7,693,626
Balances across accounts & investment class
On-call account
$173,378,252
Home Loans
$85,126,711
Construction Loans
$182,330,190
Monthly Income Fund (PIE)
$186,468,590
Average time to sell term investments (in days)
Value of term investments sold on secondary market (in $million)
Reserve funds stats and performance
How much is currently stored away in reserves
Home Loans Reserve Fund 1
$638,057
Construction Loans Reserve Fund
$4,739,199
1. The Home Loan Investment Class Reserve Fund includes cash on hand and an overdraft facility of $100,000 provided by Squirrel Money Limited supported by a bank guarantee.
The latest reserve fund performance for all investment types
Home Loans
Active loan book
$85,126,711
Funds available to the Reserve Fund
$638,057
Credit risk ratio 2
13.90
Expected Borrower default rate p.a. 3
0.06%
Borrower reserve levy p.a. 4
0.56%
Construction Loans
Active loan book
$182,330,190
Funds available to the Reserve Fund
$4,739,199
Credit risk ratio 2
2.36
Expected Borrower default rate p.a. 3
0.94%
Borrower reserve levy p.a. 4
0.74%
2. Size of reserve fund compared with expected credit losses in portfolio
3. Squirrel measures the Expected Borrower Default Rate of the Active Loan Book each month. This is a modelled number taking into account the Probabipty Of Default and the Loss Given Default.
4. The weighted average Borrower Reserve Levy is the amount of money being reserved as a percentage of the active loan book each year.
Managed Fund monthly performance
Squirrel Monthly Income Fund
Report 31 January 2026
The Fund's investment objective is to provide an annual return, after fees and before tax, that outperforms the 1 Year New Term Deposit Rate (>$10k) by a margin of 2.00%
1 year fund return
6.51%4p.a.
Fund Performance (net of fees)
| Returns to 31 January 2026 | 1 month | 3 months | 6 months | 1 year | 3 years p.a. | Since inception (Annualised) |
|---|---|---|---|---|---|---|
| Squirrel Monthly Income Fund 1 | 0.43% | 1.41% | 3.07% | 6.51% | 7.18% | 6.71% |
| Benchmark: 1 Year New Term Deposit Rate ($10k) 2 | 0.30% | 0.90% | 1.84% | 3.96% | 5.11% | 4.19% |
| Objective: Benchmark + 2.00% p.a. 3 | 0.46% | 1.39% | 2.85% | 5.99% | 7.54% | 7.12% |
1. Returns after all fees and expenses. Assumes distributions are reinvested. Investors' tax rates are not taken into account when calculating returns. Past performance is not a reliable indicator of future performance. Distributions are not guaranteed.
2. The Fund's benchmark is the 1 Year New Term Deposit Rate (>$10k), effective from 04/09/2023. Prior to this date, the Fund's benchmark was the RBNZ Official Cash Rate.
3. The Fund's investment objective is to provide an annual return, after fees and before tax, that outperforms the 1 Year New Term Deposit Rate (>$10k) by a margin of 2.00%, effective from 04/09/2023. Prior to this date, the Fund's investment objective was to provide an annual return, after fees and before tax, of 4.00% higher than the RBNZ Official Cash Rate.
4. 1 year fund return as at 31/01/2026. After fees, before tax
Portfolio performance – Home Loans
Home Loan risk grade
We’ve shown the credit risk grade that has been assigned to each loan in the portfolio. The Credit Risk grade is made up of two pieces:
- Quality of the borrower: Each borrower is given a rating of A – E, A being the highest quality. In determining the grade, we take into account things like the borrower’s credit scores, financial position, and financial conduct.
- Quality of the security: Each security (what we hold the first mortgage over) is given a rating from 1 – 5, 1 being the highest quality. In determining the grade, we take into account things like where the property is located, the nature of the property and any dwelling, and a close look at the title of the property.
The Life To Date table includes all Home Loans that Squirrel has written. The Active Loans table shows all loans currently held by investors on the Squirrel platform. The last two tables show the mix by borrower and security risk grade.
Life to date Home Loans by risk grade
| Borrower/Security Risk Grade | A | B | C | D | E | Total | Mix |
|---|---|---|---|---|---|---|---|
| 1 | 18 | 19 | 2 | 0 | 2 | 41 | 17% |
| 2 | 30 | 87 | 16 | 4 | 0 | 137 | 57% |
| 3 | 6 | 45 | 7 | 0 | 0 | 58 | 24% |
| 4 | 0 | 1 | 0 | 0 | 0 | 1 | 0% |
| 5 | 3 | 0 | 0 | 0 | 0 | 3 | 1% |
| Total | 57 | 152 | 25 | 4 | 2 | 240 | 100% |
| Mix | 24% | 63% | 10% | 2% | 1% | 100% | - |
Active Home Loans by Risk Grade
| Borrower/Security Risk Grade | A | B | C | D | E | Total | Mix |
|---|---|---|---|---|---|---|---|
| 1 | 7 | 0 | 0 | 0 | 0 | 7 | 7% |
| 2 | 15 | 25 | 3 | 2 | 0 | 45 | 48% |
| 3 | 2 | 35 | 3 | 0 | 0 | 40 | 43% |
| 4 | 0 | 1 | 0 | 0 | 0 | 1 | 1% |
| 5 | 1 | 0 | 0 | 0 | 0 | 1 | 1% |
| Total | 25 | 61 | 6 | 2 | 0 | 94 | 100% |
| Mix | 27% | 65% | 6% | 2% | 0% | 100% | - |
Home Loan Arrears, Default, Hardship, and Over term information
The graph on the right shows the number of loans that have fallen into 30 days+ Arrears, Default, Hardship or Over term positions. Note that a 0 outcome means no loans have met these criteria.
Squirrel Home Loan Portfolio
- Arrears greater than 30 days: The borrower has missed a payment and that payment is not made within 30 days of the payment due date.
- Hardship: Loans that have been approved under the loan agreements hardship provisions.
- Default: Loans that have progressed to the point of there not being a reasonable chance of repayment by the borrower, and a mortgagee sale is being progressed.
- Over term: Loan has exceeded its contracted maturity date and is performing. Default interest is accruing.
Life to date Defaults
- The net value of Defaults: $0
- The net write off rate: 0.00%
Portfolio performance – Construction Loans
We've shown the credit risk grade that has been assigned to each loan in the portfolio. The Credit Risk grade is made up of two pieces:
- Quality of the borrower: Each borrower is given a rating of A - E, A being the highest quality. In determining the grade, we take into account things like the borrower's credit scores, financial position, and financial conduct.
- Quality of the security: Each security (what we hold the first mortgage over) is given a rating from 1 - 5, 1 being the highest quality. In determining the grade, we take into account things like where the property is located, the nature of the property and any dwelling, and a close look at the title of the property
The Life To Date table includes all Home Loans that Squirrel has written. The Active Loans table shows all loans currently held by investors on the Squirrel platform. The last two tables show the mix by borrower and security risk grade.
Life to Date Construction Loans by Risk Grade
| Borrower/Security Risk Grade | A | B | C | D | E | Total | Mix |
|---|---|---|---|---|---|---|---|
| 1 | 63 | 61 | 5 | 1 | 0 | 130 | 12% |
| 2 | 106 | 242 | 58 | 2 | 3 | 411 | 37% |
| 3 | 194 | 251 | 64 | 5 | 3 | 517 | 46% |
| 4 | 15 | 20 | 11 | 3 | 1 | 50 | 4% |
| 5 | 6 | 2 | 3 | 2 | 0 | 13 | 1% |
| Total | 384 | 576 | 141 | 13 | 7 | 1121 | 100% |
| Mix | 34% | 51% | 13% | 1% | 1% | 100% | - |
Active Construction Loans by Risk Grade
| Borrower/Security Risk Grade | A | B | C | D | E | Total | Mix |
|---|---|---|---|---|---|---|---|
| 1 | 5 | 16 | 0 | 0 | 0 | 21 | 8% |
| 2 | 9 | 61 | 4 | 0 | 0 | 74 | 26% |
| 3 | 28 | 92 | 23 | 2 | 2 | 147 | 53% |
| 4 | 9 | 12 | 5 | 2 | 1 | 29 | 10% |
| 5 | 2 | 2 | 3 | 2 | 0 | 9 | 3% |
| Total | 53 | 183 | 35 | 6 | 3 | 280 | 100% |
| Mix | 19% | 65% | 13% | 2% | 1% | 100% | - |
Construction Loans Arrears, Over term, and default information
The graph on the right shows the number of loans that have fallen into 30 days+ Arrears, Default, Hardship or Over term positions. Note that a 0 outcome means no loans have met these criteria.
Squirrel Construction Loan Portfolio
- Arrears greater than 30 days: The borrower has missed a payment and that payment is not made within 30 days of the payment due date.
- Hardship: Loans that have been approved under the loan agreements hardship provisions.
- Default: Loans that have progressed to the point of there not being a reasonable chance of repayment by the borrower, and a mortgagee sale is being progressed.
- Over term: Loan has exceeded its contracted maturity date and is performing. Default interest is accruing.
Life to date Defaults
- The net value of Defaults: $585,881
- The net write off rate: 0.05%
Don’t just take our word for it
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Roger
New Zealand
I am pleased with squirrel, they have kept in contact advising of how the interest rates are affecting your investment and offering opinions on future trends, much better than other banks etc, which when they have your money you never hear from them again. Thankyou and keep up the good work.
Jenny
New Zealand
Very happy with everything and update emails that keeps me informed all the time of changes or how my investments are tracking.
Ross H
New Zealand
Impressed with your transparency and keeping in touch philosophy
Mario
New Zealand
No issues with ease of doing transactions in the app. Just found a better rate with sharesies pie save. Thanks.