Guaranteed Rate’s new all-digital super-fast personal loans take less than 10 minutes to apply
Frictionless Fintech solution is simple, convenient and very affordable
CHICAGO, July 18, 2022 /PRNewswire/ — Guaranteed rate, a leading mortgage lender determined to be the best fintech in the country, announces the launch of its new end-to-end digital personal loans. Online applications for these lightning-fast digital loans take just 10 minutes to complete, and customers can receive up to $50,000 in a few hours.
With interest rates rising and inflation soaring, many Americans are looking for the fastest and most efficient ways to consolidate high-interest debt and gain access to low-rate funds. of interest that they can use to improve their housing or other life projects. The new guaranteed rate personal loans meet these needs in record time. These loans offer low rates (starting at 5.74% APR*), a super simple online application that only takes a few minutes and flexible repayment options from 1 to 5 years.
“Guaranteed Rate’s formidable Fintech platform is designed to provide our clients with fast and smooth financial products,” said Guaranteed Rate’s President and CEO. Victor Ciardelli. “And our new end-to-end digital personal loans are a fantastic example of that. In less than 10 minutes, customers can complete our online application and get their money in hours without any human contact.”
Guaranteed Rate’s new end-to-end digital personal loans are initially available by invitation only in 10 states (AL, CA, FL, GA, IL, MA, MO, NJ, OH and TX), with plans to expand quickly to the rest of the country. The amounts of these loans range from $4,000 at $50,000*, with fixed rates starting at 5.74% APR*. Guaranteed rate personal loans have no fees – no origination fees, no NSF fees and no late fees. Funds are received in a lump sum and payments can be made over 12, 24, 36, 48 or 60 months.
“Personal loans are a very smart way for customers to reduce the cost of high-interest credit card debt or help finance unexpected purchases,” said Anand Cavale, Executive Vice President of Guaranteed Rate and Head of Unsecured Lending Products. “We know customers need and want their money fast, and they want the process to be simple and hassle-free. Our new Personal Loans product meets those needs.”
Guaranteed Rate’s new end-to-end digital personal loans are just one example of the exciting new Fintech solutions the company is developing. “Guaranteed Rate’s technical team is focused on delivering the best and most efficient, fast and easy-to-use Fintech solutions in the industry that have never been available before. We have listened to our customers and give them this they want and need,” says Ramesh SarukkaiChief Product and Technology Officer of Guaranteed Rate.
To learn more about the new guaranteed rate personal loans, visit rate.com/personal-loans.
About Guaranteed Rate Companies
Guaranteed Rate Companies is a leader in mortgage lending and digital financial services. Based at Chicagoguaranteed rate companies have more than 10,000 employees in more than 850 branches across the United States, serving all 50 states and washington d.c. Since its launch in 2000, Rate Guarantee Companies have helped more than one million homeowners with home purchase loans and refinances, with a total loan volume of more than $116 billion in 2021 alone. The company has established itself as an industry leader by introducing innovative technology, offering low rates and offering unparalleled customer service. Honors and awards include: Best Lender for Online Service for 2018 by US News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinance by NerdWallet for 2021; HousingWire’s 2020 Tech100 Award for the company’s leading FlashClose℠ technology; Ranked 3rd in the Scotsman Guide’s 2021 list of Best Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and the Chicago Tribune’s Best Workplaces list for seven consecutive years. Visit rate.com for more information.
*Rates quoted assume 0.25% autopay discount. Standard fixed rates range from 5.99% to 19.99% APR. Currently, loans are only available in Alabama, California, Florida, Georgia, Illinois, Massachusetts, Missouri, New Jersey, Ohio and Texas. Borrowers must be 18 years of age or older, be US citizens, permanent residents, or non-permanent residents of the United States with a valid long-term visa. All loan applications are subject to credit review and approval. A borrower’s rate will depend on the loan amount requested, loan term, creditworthiness, income and various other factors. Loan rates and amounts are also subject to state regulations and may vary from those above. The lowest advertised rate is reserved for the most creditworthy borrowers.
Representative example of repayment terms for an unsecured personal loan: For $20,000 borrowed over 24 months at 8.26% APR (including 0.25% autopay cashback), the monthly payment is $906.91. This example is only an estimate and assumes that all payments are made on time.
SOURCE Guaranteed Rate Firms