Loan book performance

At Squirrel Money, we believe in complete transparency. That means we provide you with all the information and statistics you need to make informed decisions about investing your hard earned money. So go ahead and check out our credit performance figures below. 

Credit performance

2016* 2017 Total
Total lending $7,448,243 $11,384,112 $24,843,532
Actual Annual bad debt rate
The current level of bad debt (defaults less recoveries) as a proportion of total lending in the year
2.4% 0.7% 1.0%
Expected Annual bad debt rate
The expected level of bad debt (at loan origination) as a proportion of total lending in the year
1.2% 1.0% 1.1%
Actual arrears rate
The balance of loans which are more than 45 days behind schedule as a proportion of total lending in the year
1.4% 2.8% 1.7%
Loan maturity
The percentage of total lending in the year that has been repaid to date (this includes both principal repayment as well as bad debt)
77.3% 44.6% 46.5%
* Squirrel Money launched on 1 November 2015 and the figures presented in this column are based on the 14 month period ended 31st December 2016.
Figures accurate as at 1 August 2018 Past performance is not necessarily an indication of future performance.

Loan book statistics by three monthly cohort

Age (Months) Date Range All Written Still Open In Arrears Written Off % Still Open % in Arrears % Written Off % WO or Arrears
27 Oct 15 - Dec 15 $863,880 $221,308 $23,504 $10,376 26% 3% 1% 4%
24 Jan 16 - Mar 16 $1,154,358 $208,992 $7,882 $60,917 18% 1% 5% 6%
21 Apr 16 - Jun 16 $1,987,775 $565,649 $70,229 $46,701 28% 4% 2% 6%
18 Jul 16 - Sep 16 $1,621,250 $551,666 $63,796 $23,020 34% 4% 1% 5%
15 Oct 16 - Dec 16 $1,891,480 $776,104 $38,596 $0 41% 2% 0% 2%
12 Jan 17 - Mar 17 $2,135,347 $1,183,837 $33,014 $0 55% 2% 0% 2%
9 Apr 17 - Jun 17 $2,640,678 $1,621,435 $82,615 $38,327 61% 3% 2% 5%
6 Jul 17 - Sep 17 $3,367,476 $2,295,193 $80,131 $60,618 68% 2% 2% 4%
3 Oct 17 - Dec 17 $3,164,861 $2,574,223 $36,436 $0 81% 1% 0% 1%
0 Jan 18 - Mar 18 $2,253,949 $2,216,060 $8,698 $0 98% 0% 0% 0%