Loans Warehouse has announced the 20th partnership for its personal loan API, which provides consumers with access to a comparison of pre-approved lending options from across a range of lenders.
Loans Warehouse offers partners, including comparison sites, lenders and retailer brands the opportunity to present and compare pre-approved loan offers from their panel of personal loan lenders under their own brand.
The new solution offers brands the options to fully integrate the personal loan search technology within their own website through Loans Warehouse’s API; alternatively, there are options to have a hosted results pages or entire white-label websites fully hosted with tracking.
Loans Warehouse’s API returns guaranteed rates, eligibility scores, and pre-approvals in under 10 seconds as part of an online journey. It also provides a call centre which supports the consumer’s journey with advice and guidance to those who need assistance or explanation.
Matt Tristram, Loans Warehouse’s co-founder, said: “Loans Warehouse has always been known for creating amazing consumer journeys, but over the last 12 months, that focus has been on taking more of that journey online.
“Our personal loan API sees the first end-to-end online solution on our roadmap to be completed and launched. Since November last year in excess of 20 partners including several PCW, have signed up to utilise our technology, with most opting for the white label solution due to its simplicity, fast turnaround – we can have a brand set up with full tracking within hours – and impressive statistics.
“The fully integrated solution is being considered by lenders, banks and other finance providers as a downflow opportunity, allowing them to offer a far wider choice of products, increasing customer satisfaction and maintaining brand loyalty.
“The platform boasts one of the strongest lending panels in the UK with over 20 providers fully integrated already, offering guaranteed rates and pre-approved loan offers with another four lenders scheduled to launch this month.
“In the first two months of 2020 our platform has seen over £150,000,000 in personal loans offered to consumers.”