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%
27/10/2019 – 7%