Asset finance lender joins broker panel

The broker group has expanded its panel to offer access to wider products

Asset finance lender joins broker panel


By Rebecca Pike

A mortgage aggregator has expanded its lender panel to enable brokers to help customers with personal and asset finance.

Loan Market Group has welcomed RateSetter as part of its commitment as the industry’s trusted advisor. It aims to be a single specialist broker which customers can entrust their portfolio of real estate, personal and asset finance needs to alongside their personal wealth, insurance and superannuation goals.

Peer-to-peer lender RateSetter offers brokers access to personal loan and automotive loan products with rates from 7.49% and 5.90% respectively.

Using a risk-based pricing model that delivers a personalised rate to borrowers in less than two minutes, RateSetter aims to deliver a simple, transparent and rewarding experience for brokers and customers.

RateSetter adds to Loan Market’s panel of more than 60 lenders, one of the largest panels in Australia.

Loan Market chief operating officer Stephen Scahill said, “Loan Market continually reviews its award-winning lender panel to ensure customers have information and access to the widest and best range of products.

“Every one of our brokers is a trusted adviser for their clients, they create lifelong relationships by offering a wide range of specialised finance solutions. RateSetter enhances our brokers’ abilities through their unique service offering.”

Daniel Foggo, CEO of RateSetter, said brokers would appreciate how its lending platform had been optimised for an easy-to-follow and efficient loan application process.

“Our low rate personal and automotive loans help brokers expand their service offering to customers, enhancing the relationships they have with their customers and growing their business at the same time,” Foggo said.

“Our mission is to give all Australian borrowers a better value alternative to traditional lenders by offering simple, flexible products at highly competitive rates that are tailored to customers wanting to consolidate high-interest debt, complete some home improvements, purchase a new car or access funds to cover expenses like a holiday, wedding or medical procedures.

“We’re excited to offer out low-rate personal and automotive loans to Loan Market’s broker network so they can offer wider choice to their existing clients and build their pipeline of business.”

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