Search Result: symple loans

New marketplace lender Symple Loans says it will lure in creditworthy borrowers with cheap loans and leave subprime loans to traditional banks. Symple Loans, which opened its personal loan book last month after raising $10 million, said it would use a risk-based pricing model and offer low interest rates to responsible borrowers who showed discipline with their finances. “Those customers are very predictable and the returns we earn on those loans are also very predictable. Those customers tend to be more resilient during times of economic volatility,” Symple Loans co-founder and chief executive, Bob Belan, said.Mr Belan and co-founder Paul Byrne previously were personal lending specialists at ANZ. Mr Belan […]