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The non-bank has joined the aggregator’s asset finance lending panel, which now consists of more than 40 lenders.
Salt&Lime, has joined the lending panel of Connective Asset Finance, effective as of 18 March.
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The personal lender and debt consolidation specialist has an education-focused approach and provides discounted interest rates to those who engage in the lender’s financial education modules.
While Salt&Lime had already been appointed to the Connective residential lending panel, the Connective Asset Finance partnership further expands accessibility to asset finance brokers, adding to their "diversity of lending”, according to Brent Starrenburg, head of Connective Asset Finance.
Starrenburg continued: “Clients often need out-of-the-box solutions outside of the mainstream products and we pride ourselves on offering a diversity of lending options.
“Salt&Lime is a great option for brokers with clients wanting to consolidate debt and improve their financial wellbeing.
“Salt&Lime provide transparent loans with clear and practical financial education. Customers can consolidate debt while undertaking practical lessons in how to manage their finances.”
The lender joined COG Financial's panel in February 2024 and partnered with Purple Circle and Finsure in 2023.
Mark Woolnough, head of distribution at Salt&Lime, said that the lender joining the asset finance panel will expand Salt&Lime’s reach beyond mortgage brokers.
Woolnough continued: “It is a way for brokers to develop trust by helping their clients achieve financial wellbeing.
“More than 80 per cent of Salt&Lime customers complete the financial education modules and the vast majority substantially improve their credit scores in the first year.”
The announcement came as Connective released its financial results, which saw an 18 per cent increase in asset finance settlements, reaching $3.95 billion at the end of 2023.
The aggregator also had an increase in asset finance memberships of 34 per cent last year.
[Related: Connective brokers settled $94.8bn in 2023]
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