All Collections
FAQs
Getting your money
What is my interest rate based on?
What is my interest rate based on?

How we calculate interest rates

Ana Wedlock avatar
Written by Ana Wedlock
Updated over a week ago


Your interest rate is based on many factors, but a key factor is called the probability of default, that is the risk of you not being able to pay back the loan. This is assessed on the following information that you have provided us:

  • Credit history

  • Financial behaviours

  • Demographic profile

Did this answer your question?