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Personal loan lender RateSetter has joined the panel of aggregation group Vow Financial, which the lender said reflects the “growing demand for alternatives to lenders”.
The new partnership will make RateSetter’s unsecured personal loan product available to Vow Financial network of brokers, which totals more than 1,000 brokers.
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Daniel Foggo, CEO of RateSetter, said that the partnership will enable Vow Financial brokers to provide their customers with a more diversified range of financial products outside of traditional mortgages.
“Whether it’s paying off expensive credit card debt, renovating their home or purchasing a new car, Vow Financial brokers can now help their clients achieve their goals sooner by partnering with RateSetter.”
“With over 6,000 brokers already accredited with RateSetter and growing, it’s evident that brokers are increasingly recognising how we can help improve their client’s financial wellbeing, whilst helping brokers diversify and grow their business.”
Clive Kirkpatrick, the general manager of YBR Group, added: “I am delighted to partner with RateSetter. Their innovative model and competitive rates for personal loans aligns with our strategy to deliver a strong panel of personal loan lenders.
“It’s more important than ever that we offer a comprehensive range of services for our customers, so we can deepen our existing relationships and attract a broader range of new customers.”
Over the last 12 months, RateSetter has entered into partnerships with 10 aggregators, and it is expected that this number will increase in due course.
“Our aim is to be the personal lender of choice for both brokers and everyday Australians. Partnerships like these are significant in providing more Australians with access to a better deal in personal finance,” Mr Foggo said.
[Related: RateSetter to ‘accelerate’ broker strategy with new appointment]
