The Zagga Credit Assessment Score

To assist you with your decision making, Zagga assigns a Credit Assessment Score to each loan, based on information we obtain from the borrower, external credit checks and verification, and our comprehensive credit assessment, all of which we share with you via our secure portal.

The Zagga Credit Assessment Score comprises of an alphanumeric grading system.

Alpha grading (A-F)

The alpha part of the Zagga Credit Assessment Score considers the borrower’s expected ability to service the proposed loan and the borrower’s credit history. The best grade is A, while F is the worst.

A. Lowest risk. Default is considered remote

B. Low risk. Default is considered highly unlikely

C. Moderate risk. Default is considered unlikely

D. Acceptable risk. Default is not anticipated

E. Possibility of default. Risk features merit close attention and scrutiny

F. High risk of default in the event of changes in the economic and/or business environment

Numeric grading (1-5)

The numeric part of the Zagga Credit Assessment Score considers the loan to security value ratio (LVR). This is the amount of the loan against the value of the security. For example, if the loan amount is $100,000 and the security is valued at $400,000 then the LVR will be 25%. The most secure band is 1 while the highest is 5.

  1. LVR under 20%
  2. LVR 20% to 39%
  3. LVR 40% to 59%
  4. LVR 60% to 79%
  5. LVR 80% or greater

How to start investing

Join

  • Create an account

Register

  • Provide your details

Customise

  • confirm investor eligibility and complete investment profile

Review

  • Notification of investment opportunity
  • Log in and review loan information
  • Choose to fund all or part of loan

Invest

  • Investment amount confirmed
  • Transfer funds
Start the Zagga experience

Click the Join button below to access Zagga and open the door to new investment oportunities.

Have a question?

Our friendly staff are happy to assist 9am-5pm Monday to Friday. If we’re not available, try our chatbot or please send us an email.

Open Live Chat  |  0800 286 286  |  info@zagga.co.nz

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