Post by WestonKevTMP on Aug 1, 2019 8:40:50 GMT
Comrades,
By way of an update and including the most recent monthly loan cohorts performance, the IRR for lenders since July 2018 is now 10.7% per annum. No subjective assumptions are made in this IRR calculation as to the final repayment amount of a loan or default rates. This is the IRR as at 1 July 2019 on loans written from July 2018 to March 2019 i.e. all loan cohorts that have been through their full contractual repayment schedule.
We are still receiving payments on some of these loans through payment plans, so the picture should get better because the IRR is calculated based on cash received to date. The IRR is a little lower than reported to this Forum in May (11.3 % p.a.) but some volatility is to be expected in all loan books. This is all encouraging, providing consistent returns to our update in May 2019.
Remember also that Capital is at Risk and there is no FSCS protection when lending with The Money Platform. The full risk statement can be found here, themoneyplatform.com/lender-risks . Our current IRR is currently better that our target rate of return.
Kevin.
By way of an update and including the most recent monthly loan cohorts performance, the IRR for lenders since July 2018 is now 10.7% per annum. No subjective assumptions are made in this IRR calculation as to the final repayment amount of a loan or default rates. This is the IRR as at 1 July 2019 on loans written from July 2018 to March 2019 i.e. all loan cohorts that have been through their full contractual repayment schedule.
We are still receiving payments on some of these loans through payment plans, so the picture should get better because the IRR is calculated based on cash received to date. The IRR is a little lower than reported to this Forum in May (11.3 % p.a.) but some volatility is to be expected in all loan books. This is all encouraging, providing consistent returns to our update in May 2019.
Remember also that Capital is at Risk and there is no FSCS protection when lending with The Money Platform. The full risk statement can be found here, themoneyplatform.com/lender-risks . Our current IRR is currently better that our target rate of return.
Kevin.
