Tuesday, 31 March 2015

My Zopa Loan Book as of 31st March 2015

Right now I am focusing on investments involving peer to peer lending and so I think it is appropriate that I share with you my Zopa loan book at this current moment in time. I recently lent out £40 to 4 different borrowers and was able to access the details this morning. I also have 2 other loans outstanding meaning that I have a total of 6 borrowers right now. All payments have been met on time so far with these 6 loans.

Loan Date Interest Rate (%) Interest Gained so far (£)
31/07/2013 4.4 0.60
24/02/2015 6.39 0.05
27/03/2015 4.33 0
27/03/2015 2.97 0
28/03/2015 3.79 0
28/03/2015 8.11 0

As you can see from the table my Zopa interest rates do vary quite a bit. This is because I have a mixture of loan terms as well as borrowers with different risk profiles. The shorter term loans (up to 3 years) generally get me a lower rate of return compared to the 5 year loans. I also have some borrowers classed as market C hence the higher interest rate of 8.11%. I think it is good to have a mix of borrowers so that you spread your risk whilst enabling the chance of higher interest earned. I will hopefully update my Zopa loan book and interest payments monthly.

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