Peer-to-peer (P2P) lender RateSetter has teamed up with aggregators Finsure and LoanKit.
Under the partnership, more than 1,400 brokers accredited with Finsure and LoanKit will be able to offer their clients RateSetter’s personal loan and green loan products.
Daniel Foggo, CEO of RateSetter, said that joining the aggregators’ lending panel will help accredited brokers improve their client’s financial wellbeing outside traditional mortgage and insurance offerings with a better deal on personal loans and green loans.
He added, “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.”
Simon Bednar, general manager of sales said, “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.”
This latest partnership comes as part of RateSetter’s focus on working with leading brokers and aggregators to help its growth in consumer lending.
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.”
“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.”
RateSetter’s personal loan and green loan products are available through Finsure and LoanKit accredited brokers from 1 May 2018.