Friday, January 24, 2020

All Online Lending Usage Doubled in 2019 As Banks Continue to Lose Market Share


Online lenders doubled in usage the Payments Journal reports while banks continue to lose market share.  Online lenders now have over half of the $300B personal loan market and over 40% of $200B small business lending!



Why?  Recent studies show users report online loans are simpler and faster and available on a mobile device more than at banks, driving adoption.  FIs can compete with our all-digital MinuteLender® generates a loan application in 15 seconds, provides a loan offer or disposition in 30 seconds, and executes all loan documents and completion in minutes, in-branch or out, all on a smart or mobile device.  All is under the FIs control of your branding, underwriting, compliance, and control for loans on their books.  Visit us at RCGILTNER Services, Inc. to learn more.






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