Definition of Kuflink’s default rate:
A loan is in default when it is 1 calendar month past a missed payment, with this payment still outstanding. This may be a monthly servicing payment or the full repayment at the end of the term.
The rate (as a percentage) is the total of the Gross Loans in default/the total Gross loan over the same period*100.
Kuflink’s default rates at quarterly intervals:
The figures below are based on Auto and Select loans
27/07/2018 – 5%
27/10/2018 – 4%
27/01/2019 – 5%
27/04/2019 – 6%
27/08/2019 – 4%