P2P lender joins new broker panel

by Rebecca Pike27 Jun 2018

Brokers at Mortgage Choice will now be able to offer products from a peer-to-peer lender, after a new partnership was announced this week (26 June).

Fintech firm RateSetter will now be able to grow its distribution network by enabling more than 600 brokers to offer their unsecured personal loan and green loan products. 

Daniel Foggo, CEO of RateSetter, said the company had been “focused” on growing its broker partnerships and hoped this would help broker improve their clients’ financial wellbeing.

He added, “We are delighted Mortgage Choice has come on-board. Whether it’s helping clients pay off expensive credit card debt, enjoy a family holiday or install solar power for their home, RateSetter’s low-rate loans will give Mortgage Choice brokers a new way to help their clients achieve their financial goals, while helping diversify and grow their own businesses.”

Susan Mitchell, CEO of Mortgage Choice said the company was committed to delivering a strong panel of lenders across its personal loan products that could cater to their customers’ needs. 

She said, “Our partnership with RateSetter aligns with our business growth strategy and will further deepen our long term customer relationships by diversifying our offering and helping them realise their finance goals.” 

The partnership reflects RateSetter’s growing presence in the broker channel, with today’s announcement following several other significant aggregation and broker group partnerships signed in April this year.

Foggo said, “It’s our mission to give all creditworthy Australian borrowers a better value alternative to traditional lenders, and partnerships with leading broker networks such as Mortgage Choice are 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, while helping brokers grow their businesses.

“We are aiming to be the personal lender of choice for brokers.  To support our growth in this channel we are growing our business development and support teams, an investment which will ensure we continue to deliver amazing service to existing broker partners as well as new broker groups that come on board.”

RateSetter’s unsecured personal loan and green loan products will be available through Mortgage Choice brokers from this month.

 

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