June 25, 2018
RateSetter, Australia’s largest peer-to-peer lender, today announced a partnership with financial services provider, Mortgage Choice, to strengthen its personal loan lending panel.
Under the new partnership, RateSetter will grow its distribution network by enabling over 600 Mortgage Choice brokers to offer their clients RateSetter’s award-winning unsecured personal loan and green loan products.
Daniel Foggo, CEO of RateSetter said that joining Mortgage Choice’s lending panel will help their brokers improve their client’s financial wellbeing with a better deal on personal loans and green loans.
“We have been focused on growing our broker partnerships and are delighted Mortgage Choice have 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’ ever evolving needs.
“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,” said Ms Mitchell.
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.
Mr 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 June 2018.