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What is 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.
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.
Please see Statistics page for updated Default rates.