Underwriting costs

For Bondora, the average cost of underwriting a loan is EUR 85.82, which can be broken down as follows: salary (38%), external data (26%) and processing technology (35%). Over time, salary costs are expected to fall while external data costs are expected to rise as more manual activities are automated, replaced by external data sources and technology. Per-loan underwriting costs are expected to fall as volume grows because technology costs are largely fixed.

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