|
|
Post by mopcku on Jan 5, 2017 16:33:50 GMT
Hi Guys
I am new to Bondora and also testing the API.
I get auction with the following haracteristcs:
Rating: HR
LoanDuration: 36
Interest: 167.81
MonthlyPayment: 690.44
AppliedAmount: 4780
RemainingAmount: 2555
ProbabilityOfDefault: 0.6926404
Is this realistic to have such extreme high PDs and Interests?
Thanks Mopcku
|
|
fric
Member of DD Central
Posts: 200 
Likes: 80
|
Post by fric on Jan 5, 2017 20:50:01 GMT
Welcome to Bondora, where there are more defaults, than finished loans!
|
|
|
|
Post by mopcku on Jan 5, 2017 22:34:18 GMT
Welcome to Bondora, where there are more defaults, than finished loans! 
OK but if the interest compensates for the risk you could still invest
|
|
JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
|
Post by JamesFrance on Jan 6, 2017 8:25:04 GMT
I doubt that anyone knows what the result will be. You may find out in 10 years from now after loan extensions and collection attempts have finally ended.
|
|
|
|
Post by rahafoorum on Jan 6, 2017 10:59:49 GMT
Unless they've updated the Rating, the assumed recovery rates for these junk loans are insanely overrated. I doubt that you'll achieve anything even close to the expected return. Not to mention that you're screwed even if you do, if you live in a place similar to Estonia where you can't deduct defaults from taxes.
|
|
