{"id":35375,"date":"2020-07-10T15:52:25","date_gmt":"2020-07-10T12:52:25","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=35375"},"modified":"2020-07-10T15:52:25","modified_gmt":"2020-07-10T12:52:25","slug":"june-has-most-verified-estonian-originations-of-2020","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/june-has-most-verified-estonian-originations-of-2020\/","title":{"rendered":"June has most verified Estonian originations of 2020"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Even though Go &amp; Grow has resumed investing as normal, Bondora will carry on focusing its efforts on the steady Estonian loan originations.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Go-Grow-is-investing-again-as-normal-1024x683.jpg\" alt=\"Go &amp; Grow is investing again as normal\" class=\"wp-image-35376\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">After a very strong comeback of <a href=\"https:\/\/www.goandgrow.eu\/blog\/bondora-continues-to-focus-on-estonian-originations-in-may\/\">8.6% growth in May<\/a>, the overall number of loan originations scaled down to \u20ac2,010,847\u2014an 11.4% decrease from last month. The interest rate for Estonian loans saw a 4.3% decrease to 35%. Loan originations in Spain and Finland remain suspended for the time being.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Loan-Origination-by-Country-June-2020.png\" alt=\"Loan Origination by Country - June 2020\" class=\"wp-image-35382\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Stable month for Estonian loans<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In June, all the rating categories saw an increase, with the exception of D-rated loans \u2013 going from 48.5% to 44.6%. It still has the highest share in Estonian originations. C-rated loans saw the biggest increase\u2014climbing from 26.05% to 32.8% of the origination share. B-rated loans\u2019 interest rates remained unchanged, with only slight changes in the other rating categories, indicating a stable month for Estonian loans.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Share-by-rating-country-and-amount-June-2020.png\" alt=\"Share by rating, country and amount - June 2020\" class=\"wp-image-35394\" width=\"541\" height=\"177\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Loan amounts and durations increase further<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">June continues on May\u2019s upward trend as Estonian loan amounts increased significantly. On-the-month we saw a 25.6% increase. That\u2019s 4.3% higher than last month\u2019s growth rate.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-amount-June-2020.png\" alt=\"Average loan amount - June 2020\" class=\"wp-image-35415\" width=\"460\" height=\"234\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The upward trend is mirrored with loan durations. For the 2<sup>nd<\/sup> month in a row, loan durations increased, this time, growing to 52 months. In May, the average loan duration was 47 months.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-loan-duration-June-2020.png\" alt=\"Average loan duration - June 2020\" class=\"wp-image-35423\" width=\"460\" height=\"234\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">After recently introducing 54-month loan durations, it has already gained popularity among Estonian borrowers; surging from 4 loans issues to 31 in just one month. 60-month loans still remain the most popular choice with 591 loans in this category.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Loan-and-employment-duration-June-2020.png\" alt=\"Loan and employment duration - June 2020\" class=\"wp-image-35429\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Average age and income remains fairly consistent<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The age of the average Estonian borrower remains the same as it has been from March, going back and forth between 38 and 39 years old. This month, it\u2019s back to 38 years old.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-age-June-2020.png\" alt=\"Average age - June 2020\" class=\"wp-image-35435\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Income levels came in a little lower than last month, dropping from a monthly average of \u20ac1,275 in May to \u20ac1,228 in June. This is the lowest average income of Estonian originators recorded year-to-date.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Average-net-income-June-2020.png\" alt=\"Average net income - June 2020\" class=\"wp-image-35441\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">High school education make up bulk of borrowers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This month, university graduates had a slight decrease from last month\u2019s higher figures. They are, however, still occupying a bigger share this month (13.8%) than they were in April (12.9%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Estonian borrowers with a high school education remain the biggest percentage of borrowers, accounting for 48.8% of the borrower landscape\u2014a 6.2% increase from May.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Education-June-2020.png\" alt=\"Education - June 2020\" class=\"wp-image-35447\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Mid-long term employees on the rise<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The employment duration of Bondora borrowers remained more or less the same. All categories saw the slightest of decreases, with the exception of borrowers who are employed for up to 5 years\u2014this category saw a rise of 2.6%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Employment-duration-June-2020.png\" alt=\"Employment duration - June 2020\" class=\"wp-image-35453\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Nearly half of borrowers are home owners<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The home ownership status of Estonian borrowers was relatively consistent with previous months. In June, the majority of borrowers were homeowners, comprising 43.3% of all Bondora borrowers, while 20.4% are tenants and 15.7% are living with their parents.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Home-ownership-June-2020.png\" alt=\"Home ownership - June 2020\" class=\"wp-image-35459\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Verification status<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Verification numbers continue to climb since April and are showing no signs of stopping. 89.7% of borrowers were verified, compared to 87.2% from May. This is the highest verification percentile rating achieved for Estonia in 2020.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.goandgrow.eu\/blog\/wp-content\/uploads\/Verification-June-2020.png\" alt=\"Verification - June 2020\" class=\"wp-image-35465\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Consistency is key<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">June marks the third consecutive month of Bondora consolidating originations to maintain stability for customers. Keeping our numbers as consistent and stable as possible, whilst facilitating growth, remains the key focus. Bondora continues to provide investors with trusted opportunities for investment, even during uncertain times.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about Bondora investment products <a href=\"https:\/\/www.goandgrow.eu\/en\/our-products\">here<\/a> and start investing today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though Go &amp; Grow has resumed investing as normal, Bondora will carry on focusing its efforts on the steady Estonian loan originations. After a very strong comeback of 8.6% growth in May, the overall number of loan originations scaled down to \u20ac2,010,847\u2014an 11.4% decrease from last month. The interest rate for Estonian loans saw [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-35375","post","type-post","status-publish","format-standard","hentry","category-stats-and-data"],"acf":[],"featured_image":null,"categories_names":["Stats &amp; Data"],"category_name":"Stats &amp; Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/35375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/comments?post=35375"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/35375\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=35375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=35375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=35375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}