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Loan Market adds new lender to panel

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Reporter 1 minute read

The broking franchise has announced the addition of a new member to its lender panel.

Loan Market Group has announced that it has partnered with MoneyPlace, a wholly owned subsidiary of liberty Financial.

Commenting on the announcement, MoneyPlace head of corporate development Matthew Santosa said: “We’re thrilled to partner with high-quality broker networks like Loan Market to continue to offer our award-winning personal loans to a growing market.

“This is especially the case at this time when consumers are looking to consolidate finances before the end of the year and save money through a cheaper interest rate.”

MoneyPlace CEO Stuart Stoyan added it was important for brokers to be able to access lenders leveraging comprehensive credit reporting (CCR) and open banking to “stay ahead of the curve”.

“Fintechs like us are way ahead of the curve in using data to improve our loan offering to consumers, which is why we’re happy to be growing so rapidly in the third-party space, so brokers can offer this to consumers,” Mr Stoyan said.

Loan Market Group executive chairman Sam White welcomed MoneyPlace to the franchise’s lender panel.

“MoneyPlace’s personalised product further strengthens our brokers’ service offering to their customers,” Mr White said.

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Loan Market’s move to partner with MoneyPlace comes as the group was rated number one for their lending panel by Momentum Intelligence’s Broker Group of Choice report.

“We’re exceptionally proud of the calibre and diversity of opportunities on our lending panel, which is regarded as the best in the industry by our peers,” Mr White added.

[Related: SME ender joins LAN panel]

Loan Market adds new lender to panel
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