Lending statistics

Platform statistics

Last updated – 17/02/2017

Cumulative total Year

2017 2016 2015 2014 2013 2012 2011 2010
Number of members 5760
71 1105 1069 1063 1491 785 156 20
Number of members with funds 2106
19 306 289 310 689 355 123 15
Number of members with funds (%) 36.56%
26.76% 27.69% 27.03% 29.16% 46.21% 45.22% 78.85% 75.00%
Capital Deposited £154,122,651
£1,586,197 £38,093,012 £35,811,179 £26,652,272 £37,174,259 £11,786,461 £2,887,269 £132,000
Values of loans made £220,802,000
£9,656,000 £64,606,000 £57,234,000 £39,616,000 £35,670,000 £11,368,000 £2,577,000 £75,000
Average value of loan £272,259
£260,973 £295,005 £279,190 £277,035 £304,872 £172,242 £135,632 £75,000
Number of loans made 807
37 216 205 143 117 66 19 1
Loans fully repaid so far 333
15 170 80 47 18 3 0 0
Weighted average interest rate* 11.24%
11.43% 11.48% 11.66% 11.24% 10.17% 10.99% 10.86% 7.00%

*After all charges but before losses and income tax. Past performance is not indicative of future results

Default rates

Last updated – 31/12/2016

Note Year

2016 2015 2014 2013 2012 2011 2010
Arrears 1
0.01% 0.84% 10.64% 0.32% 0.53% 0.00% 0.00%
Loans in default 2
2.35% 4.16% 9.14% 11.43% 14.91% 8.43% 0.00%
Expected loss of actual defaulted loans 3
0.55% 2.39% 3.81% 4.75% 7.20% 8.07% 0.00%
Expected lifetime bad debt rate 4
2.00% 3.50% 5.00% 5.00% 7.65% 8.07% 0.00%

Notes:

  1. Arrears means: Loans in arrears (but not in default) by 45 days or more as a percentage of the loans made in that year.
    Note: ThinCats is unusual among peer to peer lenders because of the close relationship that it establishes with a borrower in conjunction with the loan Sponsor. When a payment is missed the Sponsor will investigate what has caused the problem. Sometimes it is appropriate for lending syndicates to agree a change in a repayment schedule proposed by the Sponsor, and the P2PFA rules require these agreed changes to be shown as defaults even when the loan repayments are fully up to date as far as lenders are concerned.
  2. Loans in default means: Loans where a default has occurred as a percentage of the loans made in that year.
    Note: These figures represent the amount outstanding on the loan at the date of default but do not take into account any recoveries (please see note 3 below).
  3. Expected loss of actual defaulted loans means: The expected losses after the forecasted recovery of security as a percentage of the loans made in that year.
    Note: Security is in various forms and recovery can takes several months. This figure represents our best estimates of the eventual loss, however forecast is not an indicator of future results.
  4. Expected lifetime bad debt rate means: The expected lifetime bad debt at origination date as a percentage of amount lent in the calendar year. Forecast is not an indicator of future results.

These figures represent weighted averages over the whole ThinCats portfolio but because lenders create their own unique portfolio by selecting those loans that suit their own investment criteria every lender will experience a unique income profile and experience a unique loss rate. These average figures provide a guide to expected performance but cannot take into account your individual decisions relating to risk and return.