The broking franchise has announced the appointment of a new lender to its panel in a move designed to broaden its product offering to clients.
Loan Market Group has expanded its lender panel with the appointment of personal and asset finance provider RateSetter.
The mortgage aggregator noted that the addition of RateSetter to its panel provides its brokers with access to specialist finance products with a “risk-based pricing model” that delivers a personalised rate to borrowers.
Loan Market COO Stephen Scahill said: “Loan Market continually reviews its award-winning lender panel to ensure customers have information and access to the widest and best range of products.
“Every one of our brokers is a trusted adviser for their clients, they create lifelong relationships by offering a wide range of specialised finance solutions. RateSetter enhances our brokers’ abilities through their unique service offering.”
Daniel Foggo, CEO of RateSetter, added: “Our low rate personal and automotive loans help brokers expand their service offering to customers, enhancing the relationships they have with their customers and growing their business at the same time.
“Our mission is to give all Australian borrowers a better value alternative to traditional lenders by offering simple, flexible products at highly competitive rates that are tailored to customers wanting to consolidate high-interest debt, complete some home improvements, purchase a new car or access funds to cover expenses like a holiday, wedding or medical procedures.”
Mr Foggo concluded: “We’re excited to offer out low-rate personal and automotive loans to Loan Market’s broker network, so they can offer wider choice to their existing clients and build their pipeline of business.”
[Related: New lender joins aggregator panel]