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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.
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.
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.
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.
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.
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.
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.
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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Marlene
New Zealand
I'm loving the interest, that I'm earning on my funds. Questions are answered quickly. Squirrel is very efficient and I'm confident investing with a NZ owned company. I wish I had of invested a year ago. MarleneM
Carole
Hawke’s Bay, New Zealand
Didnt end up investing but i like the whole comcept of peer to peer lending and the fact your a nz company. Will be looking to come back in the futureC
Ajay
Auckland , New Zealand
Quick and effortless onboarding. Excellent transparency & timely communication. One of the best interest rates in the market with timely payments. Well done, Squirrel!A
Sonal
Auckland , New Zealand
Fast & hassle free onboarding. Transparency, communication, and customer support have been excellent! One of the best interest rates in the country, don't know why I didn't join sooner. Highly recommended!S
Sonal
Auckland , New Zealand
Fast & hassle free onbaording. Transparency, communication, and customer support have been excellent! One of the best interest rates in the country, don't know why I didn't join sooner. Highly recommended!S
John A
Canterbury, New Zealand
Quick and easy to invest with an great online web interface and good returns. Now with high interest on the cash account as well.JA
Ian C
Auckland, New Zealand
Always innovating, now we have the on call account earning 3.5%. Even on orders not yet allocated. Thankyou guys.IC
Margaret
Waikato, New Zealand
I really like investing with Squirrel Money. I know my money is safe. There's no fees or terms, which I think is fantastic. And I've got total control of my investments. I can thoroughly recommend Squirrel Money.M