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Peer-to-peer lender RateSetter has joined the panel of Finsure and LoanKit, giving accredited brokers access to its personal and green loan solutions.
As of this month (1 May), more than 1,400 brokers accredited with aggregators Finsure and LoanKit will be able to offer their clients personal loans and green loan products from the growing retail lender.
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Daniel Foggo, CEO of RateSetter, said that joining Finsure’s and LoanKit’s lending panel will help accredited brokers improve their client’s financial wellbeing outside of traditional mortgage and insurance offerings.
“Whether it’s helping clients with paying down expensive credit card debt, purchasing a car or installing solar power for their home, RateSetter’s low-rate loans will give Finsure and LoanKit brokers a new way to help their clients achieve their financial goals while helping them diversify and grow their own business,” Mr Foggo said.
Finsure’s general manager of sales, Simon Bednar, added: “Our partnership with RateSetter will provide Finsure and LoanKit-accredited brokers with an important avenue to offer their clients financial solutions that sit outside traditional lending channels.
“We believe the partnership with RateSetter is a great fit, given both businesses are focused on delivering superior value to customers in their respective markets.”
Last year, RateSetter partnered with Connective and announced its intention to “dive deeper” into the broker channel.
The lender added that this latest partnership builds on its intention to work closer with leading brokers and aggregators to help continue its growth in consumer lending.
Mr Foggo said: “It’s our mission to give all creditworthy Australian borrowers a better value alternative to traditional lenders, and we see working with aggregators like Finsure and LoanKit as an incredibly important part of how we’re going to accomplish this.
“By offering brokers highly competitive rates, a simple, flexible product and excellent support, we will give borrowers a better deal and help brokers grow their businesses.”
He concluded: “We are aiming to be the personal lender of choice with brokers. To support our growth in this channel, we have recently added six new members to our business development team, an investment which is key to ensuring we continue to deliver excellent service to current brokers as well as new broker groups, with more new partnerships to be announced in the near future.”
[Related: Brokers have ‘key role’ in communicating CCR changes]
