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
$8,801,306
Home loans - 1 year
$956,279
Construction loans - 2 years
$7,839,938
Balances across accounts & investment class
On-call account
$171,949,054
Home Loans
$83,935,834
Construction Loans
$182,175,695
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
$646,127
Construction Loans Reserve Fund
$4,728,274
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
$83,935,834
Funds available to the Reserve Fund
$646,127
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
$182,175,695
Funds available to the Reserve Fund
$4,728,274
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%1p.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 3 | 0.43% | 1.41% | 3.07% | 6.51% | 7.18% | 6.71% |
| Benchmark: 1 Year New Term Deposit Rate ($10k) 4 | 0.30% | 0.90% | 1.84% | 3.96% | 5.11% | 4.19% |
| Objective: Benchmark + 2.00% p.a. 2 | 0.46% | 1.39% | 2.85% | 5.99% | 7.54% | 7.12% |
1. 1 year fund return as at 31/01/2026. After fees, before tax
2. 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
3. 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.
4. 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.
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%
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New Zealand
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New Zealand
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New Zealand
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New Zealand
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