RateSetter’s loan book data reveals insights into P2P lending

Rates and Fees verified correct on July 29th, 2016

Peer-to-peer lender RateSetter's loan data shows the Australians that are backing peer-to-peer lending

In the name of transparency, RateSetter made its loan book data public via a blog post on 29 January 2016. This is the third release from the P2P lender. The first was released in February 2015, followed by an update in October of that year. This latest release incorporates over a year's worth of data (28 October 2014 to 31 December 2015).

finder.com.au analysed the RateSetter data, which revealed several interesting trends and insights into who are taking out peer-to-peer loans, how much they're borrowing, what they're using the loan for and what kind of rates they are receiving. Key stats are outlined in the infographic below.

Elizabeth Barry

As a writer for finder.com.au, Elizabeth specialises in personal finance, with her passion centring on helping people find better for whatever they're looking for.

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