{"id":44754,"date":"2020-11-12T13:43:41","date_gmt":"2020-11-12T11:43:41","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=44754"},"modified":"2020-11-12T13:43:41","modified_gmt":"2020-11-12T11:43:41","slug":"loan-originations-in-october","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/loan-originations-in-october\/","title":{"rendered":"Loan originations push past \u20ac3M in October"},"content":{"rendered":"\n

For the second consecutive month<\/a>, originations on Bondora increased. Total originations rose by 4.7% to \u20ac3,114,157 in October. Once again, Estonian originations were the only loans originated by Bondora, but this continuous rise in performance makes it a sustainable option for Bondora for the time being.
<\/em><\/p>\n\n\n\n

\"Estonian
Estonian loan originations are going sky high.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Interest rates did decline further, coming in at 33.5% compared to 35.7% last month.<\/p>\n\n\n\n

\"Loan
Loan origination by country \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Originations skewed toward higher ratings<\/h2>\n\n\n\n

Estonian originations skewed more toward B- and C-rated loans in October. C-rated loans grew by 3.0% to 33.3% of all originations, while B-rated loans grew to 8.3% from 3.2% last month. Meanwhile, interest rates remained consistent across C-, D-, and E-rated loans, falling within 1% of rates month-over-month. B-rated loans had the largest decrease in interest rates, falling by 1.8% to 19.0%.<\/p>\n\n\n\n

\"Loan
Loan origination by rating and country \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Average loan amount increases for the second month<\/h2>\n\n\n\n

The average loan amount for Estonian originations grew for the second month in a row. In October, originations averaged \u20ac2,357\u2014up from \u20ac2,294 in September, indicating a 2.7% increase.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\"Average
Average loan amount \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Loan durations remained constant at an average of 56 months, which is the same as September, and still a month longer, on average, than in August.<\/p>\n\n\n\n

\"Average
Average loan duration \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Once again, the longest duration loans of 60 months grew, this time to a total of 990 loans from 977 last month. As a result, 60-month loans account for 75.0% of all Estonian originations. The next highest percentage is for 24-month originations, which only accounts for 5.8% of all originations. It indicates that Estonian borrowers favor the most extended loan period.<\/p>\n\n\n\n

\"Loan<\/figure><\/div>\n\n\n\n

Net income finds a middle ground<\/h2>\n\n\n\n

After a very up and down the previous two months of borrower average net income, October\u2019s number settled right in the middle. An average borrower income of \u20ac1,648 is up 32.7% from September but still 39.3% lower than the average income in August.<\/p>\n\n\n\n

\"Average
Average age \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Maintaining the trend, the average age of Estonian borrowers was once again 38-years old. This makes it the fifth month in a row for the level of consistency.<\/p>\n\n\n\n

\"Average
Average net income \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Education<\/h2>\n\n\n\n

The only education category to fall in October was vocational school education, which accounted for 24.1% of borrowers compared to 25.6% in September. High school graduates continued to make up most Estonian borrowers, coming in at 41.1% of all borrowers.<\/p>\n\n\n\n

\"Education
Education level \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Employment comes in strong<\/h2>\n\n\n\n

The ratio of borrowers with long-term employment slightly increased in October. Borrowers employed more than 5 years totaled 420\u201431.8% of all Bondora borrowers, while those employed up to 5 years totaled 502\u201438.0% of all borrowers. The only category to decrease was borrowers employed up to 1 year, which fell from 275 to 265.<\/p>\n\n\n\n

\"Employment
Employment \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Home ownership status<\/h2>\n\n\n\n

The number of borrowers living with their parents in October fell to 185, accounting for only 14.0% of all borrowers, decreasing 21.6% from September. Homeowners are still the most common borrower type, increasing slightly from September to 44.0% of all Bondora borrowers.<\/p>\n\n\n\n

\"Home
Home ownership status \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Verifications increase<\/h2>\n\n\n\n

The ratio of verified originations fell for the second month. However, the decrease was minimal, with 91.0% of originations verified in October compared to 91.5% last month.<\/p>\n\n\n\n

\"Verification
Verification status \u2013 October<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Increased originations in October<\/h2>\n\n\n\n

Even amidst uncertain times, Bondora loan originations have increased while maintaining key origination metrics. This stable growth is how Bondora continues to provide people with a method of maintaining financial stability.<\/p>\n\n\n\n

Start investing today! See how you can invest your money here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the second consecutive month, originations on Bondora increased. Total originations rose by 4.7% to \u20ac3,114,157 in October. Once again, Estonian originations were the only loans originated by Bondora, but this continuous rise in performance makes it a sustainable option for Bondora for the time being. Interest rates did decline further, coming in at 33.5% […]<\/p>\n","protected":false},"author":11,"featured_media":44763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-44754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stats-and-data"],"acf":[],"featured_image":null,"categories_names":["Stats & Data"],"category_name":"Stats & Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/44754","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=44754"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/44754\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=44754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=44754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=44754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}