August 17, 2022
SINGAPORE, Aug. 17, 2022 (Newswire.com) –
Newly founded online lending platform WeLoans has officially entered the lending market with the sole intention of providing consumers of all types of lending with access to a financial lifeline. The company aims to achieve this by partnering with hundreds of direct lenders, many based in different states, to offer consumers across the country a fairly unique opportunity to easily find and compare multiple loan offers in the current market. This is also intended to help borrowers reduce the risk of bad debt as they can now choose the loan rates and terms that best suit their financial situation.
WeLoans CEO Lucia Jensen said: “With rising inflation contributing to higher prices across the board, consumers are struggling to get by with just their savings. Many of them have to borrow more just to maintain their standard of living. The problem, however, is that a significant portion of the market is locked out of traditional lending opportunities. Our goal is to provide this market with a clear path to financial support, despite its less than stellar credit history.”
This has prompted the company to expand its overall reach in the market, improve its technological infrastructure to enable a reliable and trusted loan matching process, and strengthen its lender relationships to help consumers obtain extremely favorable loan offers. Of course, the combined effect of these strategies has seen their online reputation with consumers steadily increase over the past year.
The CEO of WeLoans added: “To date we have managed to add over 100 loan providers to our network, giving our customer base access to a variety of both secured and unsecured lending products such as bad credit loans, installment loans, title loans , cash advances, etc. Since all of our lenders are open to accepting bad credit applications, anyone can apply for financing as long as consumers have a steady income to make their repayments on time without fear of rejection.”
However, the biggest highlight is the fact that the company does not hold any financial stake in the loan applications as it does not charge its customers any additional costs or hidden fees for using its service. Instead, WeLoans offsets its fees with its lenders, which means they receive a commission from them when a borrower is matched with their chosen lender. “It’s about giving people access to more financial options, so we don’t think they have to pay to explore what the credit market has to offer,” concluded Lucia Jensen.
WeLoans also has a dedicated customer service team that offers 24/7 support to consumers when they need help either to fill out the application forms or to deal with other credit-related issues and questions.
For more information, visit: https://weloans.com/