A fantastic benefit from our partner, Virgin Trains | Weekly Lending Review

Week 28: 6 – 10 July 2015

Earlier this year we announced our partnership with Virgin Trains, and brought members of the Funding Circle community 20% off train travel on the Virgin Trains West Coast Mainline. We’re pleased to announce the offer has been extended until 29th December 2015. You can read more about the announcement, and how to book on the blog.

New loans available to you

There are currently 75 loan requests on the marketplace which are all available for you to lend to.

The total value of new loans listed on the Funding Circle marketplace was £11,599,200, averaging at £59,002 per loan. The largest loan value was £500,000 and the smallest loan value was £5,000.

Business loans still available for bidding on for the next 3 days or more:

Weekly marketplace trends

These graphs show the most recent activity on the marketplace. The average gross yield graph is reported weekly and shows a rolling two week average of gross yields. This calculation assumes you reinvest your interest each month and therefore includes the compound interest you earn. Number of loans, value of loans and amount lent are reported weekly. The dates on the graph should be read as ‘week beginning’, for example: 6-July represents the week of 6th – 10th July 2015.

Weekly average gross yield (2 weeks rolling)

WLR 28 - yield

Number of listed loans per week

WLR 28 - listed

Listed loan value per week

WLR 28 - loan value

Total amount lent

WLR 28 - amount lent

Loan parts available to buy from other investors

WLR 28 - loan parts 2

News you should know

Lend to more businesses in these 3 easy steps.

Following the introduction of the E band, you may wish to update your autobid settings by following the 3 easy steps below. You can read more about our new risk band on the blog.

(1) Log back into your account and navigate to Autobid.

(2) If your Autobid is on:

Take a note of your current settings
Click ‘Turn Autobid Off’
Use the ‘Advanced Settings’ to include the E risk band
Click ‘Turn Autobid On’

(3) If your Autobid is off:

Use the ‘Advanced Settings’ to include the E risk band
Click ‘Turn Autobid On’

Providing more information around defaulted loans

If you have any defaulted loans you may have noticed we apply a RAG (Red, Amber, Green) rating system, also known as a traffic light system, in the loan comments on your dashboard. This is to help you assess the quality of your defaulted loans, and your expected return over a certain period of time.

Loan defaulted last week

E-cigarette supplier. Loan 11038. Risk band B

This Cardiff business has been running since 2011, and is entering insolvent liquidation. All affected investors have been notified.

Our collections and recoveries team are working to recover the outstanding amounts for all of these loans. Read how our collections and recoveries process works on our blog.

Enjoy lending, The Funding Circle Team


Rob McCorquodale


One thought on “A fantastic benefit from our partner, Virgin Trains | Weekly Lending Review

  1. I’m curious as to where you got the 19.8% from for the risk E bands. I’ve just (15 July) downloaded the entire loan book. Every single riks E loan shows 18.2% as the min/max accepted bid rate.
    That uniformity, plus the rate at which risk E loans get closed at minium rate (one today closed within 5 minutes !), confirms my suspicion that you’ve set the minimum bid rate way too high. Basically a gift to those lenders who can get a slice of the action. Detrimental to most lenders and all risk E borrowers.

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