P2P lender joins another aggregator’s panel

P2P lender joins another aggregator’s panel

A peer-to-peer lender that has joined the panel of more than ten aggregators in the last year has just announced a partnership with yet another.

RateSetter’s personal loans and secured automotive offering will be made available to Australian Finance Group’s (AFG) broker network of over 2,900 from 22 July.

The P2P lender provides risk-based pricing for its personal loans, with interest rates starting at 5.49%. The loans range from $2,001 to $45,000 for terms between six months to five years. Creditworthy borrowers typically gain access to finance within 24 hours of filling out the five-minute application.

RateSetter has been recognised as providing Australia’s most highly reviewed personal loan, achieving a 4.8/5 rating on ProductReview.com.au.

AFG’s GM of commercial, Keiran Evans, welcomed the timing of RateSetter’s addition to the AFG panel.

He noted, “As the lending landscape faces structural change, personal loans are becoming a more integral component of customer solutions.”

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Source: P2P lender joins another aggregator’s panel