Hi, I mentioned in my previous post that Squirrel was launching a new lending product, and here it is http://www.squirrel.co.nz/squirrel-loans/launchpad
For those who are investors with Squirrel, we emailed an investor update last night that contains further information.
From an p2p investor perspective, part of this loan will fall into our personal loan investment class with a 5year term. Based on the scale of our mortgage advice team, we believe we will see growth in demand for investor funding in this term. We represent 3.2% of all first home buyers in NZ already, and we believe we can help more people in this part of the market with this proposition.
Interested in your thoughts!