Table 9 Average marginal effects
From: Fintech platforms: Lax or careful borrowers’ screening?
(1) | (2) | (3) | ||||
|---|---|---|---|---|---|---|
AME | SE | AME | SE | AME | SE | |
Not verified | − 0.00681*** | 0.000457 | − 0.00403*** | 0.000645 | − 0.00591*** | 0.000590 |
ln(Loan Amount) | 0.00120*** | 0.000326 | − 0.000854* | 0.000482 | 0.00524*** | 0.00105 |
Term | − 0.00692*** | 0.000454 | − 0.00505*** | 0.000650 | − 0.00678*** | 0.000593 |
Interest rate | 0.000653*** | 4.25e−05 | 0.000017 | 6.33e−05 | 0.000734*** | 5.57e−05 |
Revolving utilitation | 0.00845*** | 0.001201 | ||||
Months since last delinquent | − 0.00009*** | 0.00001 | ||||
Debt to income ratio | − 0.00004* | 0.00003 | ||||
Mortgage account | − 0.000302** | 0.00001 | ||||
Bankcard Balance > 75% | − 0.000186*** | 0.00003 | ||||
Total account | 0.00019*** | 0.00002 | ||||
ln(Annual Income) | 0.00304*** | 0.00112 | ||||
Loan to annual income | − 0.0495*** | 0.00501 | ||||
Home mortgaged | − 0.0144 | 0.0118 | ||||
Home owned | − 0.0142 | 0.0118 | ||||
Home rented | − 0.00849 | 0.0118 | ||||
Loan purpose: credit card | − 0.00149 | 0.00106 | ||||
Loan purpose: debt consolidation | − 0.000265 | 0.000943 | ||||
Loan purpose: small business | − 0.0111*** | 0.00209 | ||||
Employment length | 0.000146** | 7.31e−05 | ||||
Year | − 0.00107** | 0.000493 | ||||
Observations | ||||||
291,664 | 146,246 | 177,963 | ||||