jlend
Member of DD Central
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Post by jlend on Jan 8, 2020 12:23:38 GMT
I think it is important to remember what the average rates have been at RS over the last 12months. It is easy to get distracted by a few large borrower rates.
This is from the RS website
The average lender rate is skewed as a lot of the lending was via the rolling market.
Average borrower rate 11.3%
Average borrower fees 7.0% - Provision Fund contribution 4.0% - RateSetter fees 3.0%
Average investor returns 4.3%
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benaj
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Post by benaj on Jan 16, 2020 9:40:49 GMT
I think it is important to remember what the average rates have been at RS over the last 12months. It is easy to get distracted by a few large borrower rates. This is from the RS website The average lender rate is skewed as a lot of the lending was via the rolling market. Average borrower rate 11.3% Average borrower fees 7.0% - Provision Fund contribution 4.0% - RateSetter fees 3.0%Average investor returns 4.3% www.ratesetter.com/invest/investing-with-us/lending-criteriaIt seems RS loans origination in the last 3 months are different to the overall loan portfolio. 43% consumer loans in the last 3 months compared to 69% overall. I suppose the latest average borrower rates are good for PF, RS profitability and Investor returns.
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rscal
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Post by rscal on Feb 17, 2020 12:18:40 GMT
Got a repayment from one today (by provision fund)
It was at 5.4% in 5 year Mkt FYI initial repayment 13/03/2017
['nuff said]
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aju
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Post by aju on Feb 17, 2020 14:04:26 GMT
Got a repayment from one today (by provision fund)
It was at 5.4% in 5 year Mkt FYI initial repayment 13/03/2017
['nuff said]
Is that what the PF does in RS, I thought it carried on making payments but from the PF rather than the user whilst in the background trying to bring it back into line.
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Post by herringbone on Feb 17, 2020 18:20:53 GMT
Got a repayment from one today (by provision fund)
It was at 5.4% in 5 year Mkt FYI initial repayment 13/03/2017
['nuff said]
Could this not have been an early repayment?
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TheDriver
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Slightly bonkers
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Post by TheDriver on Mar 3, 2020 20:13:27 GMT
As an example, one of my loans earning me 5.2% p.a. is costing the borrower 26%! this is enough to make me want to withdraw all my loans! OTOH, a five year one I picked up this week at 6.3% on Plus having been sold out at 3 months old, is paying just 2.6% plus 0.8% fees (3.9% APR); not very sustainable! Wonder how long before it matures early?!?
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jlend
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Post by jlend on Mar 3, 2020 20:47:02 GMT
I think it is important to remember what the average rates have been at RS over the last 12months. It is easy to get distracted by a few large borrower rates. This is from the RS website The average lender rate is skewed as a lot of the lending was via the rolling market. Average borrower rate 11.3% Average borrower fees 7.0% - Provision Fund contribution 4.0% - RateSetter fees 3.0% Average investor returns 4.3% Average investor returns for new loans in 2020 is 4.0%, an all time low, so RS should be on their way to sustainable profit which was their objective when introducing the changes last year. Of course many lenders here will have got higher rates this year.
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