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One of Australia's leading asset lenders has introduced a white label service for personal asset lending.
Assetline, which issues loans against high-end personal assets, has introduced a white label service to give brokers an additional offering which they can issue under their own branding.
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Nick Raphaely, co-founder of Assetline, said the service allows brokers to assist their clients to access money in a fast and secure way.
“Our advanced, secure technology drives efficiency in their practices, as loans can be applied for 24/7. They also get the ability to track applications and benefit from an income trail," he said.
According to Mr Raphaely, brokers will be able to track applications by clients to Assetline electronically and brokers will be paid trail for the life of the loan and for any future transactions by the same client.
Personal asset lending allows investors to immediately unlock the value of alternative assets that conventional banks don’t recognise in order to take advantage of an investment opportunity, said Mr Raphaely.
"We're very excited to be able to offer this new service, which is unique in the Australian market," he said.
“Brokers who have already secured our loans for clients have been delighted with the speed and the results, so we look forward to being able to help more of their clients to access the finance they need."
