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Rainy Day

When an unsecured borrower is late with a monthly payment, we may step in to make up a borrower's monthly interest payment to a lender. This payment is made at the complete discretion of JustUs and is not guaranteed.

The rainy day pot is topped up by JustUs using a risk-weighted portion of the JustUs platform fees paid by unsecured borrowers, and is maintained at a level sufficient to cover our expected rate of arrears on these borrowers.

The rainy day pot does NOT cover late property loan interest repayments or guarantor loan interest repayments.

THE RAINY DAY POT IS NOT A GUARANTEE AND SHOULD NOT BE TREATED AS SUCH BY INVESTORS. IT IS 100% AT JUSTUS DISCRETION WHETHER WE MAKE A PAYMENT TO LENDERS ON BEHALF OF BORROWERS. YOUR CAPITAL IS AT RISK WHEN LENDING MONEY ON THE JUSTUS PLATFORM

Figures last updated April 30th 2017.

Total value of DISCRETIONARY Rainy Day Pot. Balance of loans covered Loan book arrears coverage Forecast arrears %
£56,398.38 £94,362.17 60.3% 6.05%

The total value of the Rainy Day Pot comprises amounts held in cash of £10,274.98, contractual future contributions from live loans of £27,148.23 and £18,969.38, which represents a 50% recovery of payments already made to lenders out of the pot.

The figures above are based on the loan book as dated and will vary each month. New loans written may add to the pot and redeemed loans may reduce the pot.

This payment is made at the complete discretion of JustUs and is not guaranteed. For clarity, if the pot runs out of cash, then no interest payments will be made to lenders.