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By: Jessica Darnbrough
In a bid to establish itself as a viable alternative to the majors, Provident Capital has guaranteed its brokers conditional approval within 48 hours or $100.
The non-bank lender’s head of distribution Steve Sampson told The Adviser that many brokers were disgruntled with the turnaround times of the majors.
“We saw scope to change this,” he said.
“We want to establish ourselves as a serious alternative to the majors and we are happy to put our money where our mouth is with this offer.
“We understand what frustrates brokers and we want them to know that there is a better option.”
The $100 cash offer has been sent direct to thousands of brokers, but it applies to anyone who submits a Premium Range Credit Application with all appropriate supporting documents by 30 July 2010.
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