What is MoolahSense’s loan default rate?

The default rate is computed taking the amount of outstanding loan repayment monies in default divided by the total amount of loans disbursed since our first campaign that was launched in November 2014. At MoolahSense, a loan will be classified as a default if an issuer fails to repay its loan obligations 120 days after the initial loan repayment due date. Currently, the default rate is less than four percent.

Related articles