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Post by batchoy on Jun 19, 2014 12:33:29 GMT
I see from today's email that Bondora are upping the standard and minimum loan rates and dropping anything but loans with 1000 credit scores for ESP and SVK:
Estonia – minimum interest rate 15%, standard rate 26%
Spain – minimum interest rate 26%, standard rate 26%
Slovakia – minimum interest rate 26%, standard rate 26%
Finland – minimum interest rate 19%, standard rate 26%
By the way anyone know what happened to Ireland, trailed extensively for a time but all has gone quiet on the subject.
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duck
Member of DD Central
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Post by duck on Jun 19, 2014 16:09:51 GMT
What I find 'interesting' is the difference(s) between Finland and Spain. Whilst Finland has been up and running longer than Spain my defaults/lates (when comparing for similar periods) still favour Spain. I have also achieved a better return per loan. As always, interesting times ..........
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on Jun 20, 2014 7:28:36 GMT
I imagine the increased rates are the result of experience with default rates as they have more loans for these markets . old enough to default. It will be interesting to see what happens with the Bondora+ loans, as early overdue rates seem to be excessive.
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Post by coolrunning on Jun 20, 2014 20:40:27 GMT
My experience with Spain and Finland reflect the Bondora figures: Spanish overdues are worse.
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