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. Kuflink’s default rates at quarterly intervals: The figures below are based on Auto and Select loans 27/07/2018 – 5% 27/10/2018 – 4% 27/01/2019 – 5% 27/04/2019 – 6% 27/08/2019 – 4% 27/10/2019 – 7%
