The new technology combines customer credit file details with their personal information to produce a very accurate insight into the secured loan products for which the customer qualifies.
Once the qualified products are displayed, the customer has the option to modify their loan requirements, or simply click a button to produce the required documentation, which is posted immediately by Central Loans Ltd.
Because the system uses a ‘quotation’ credit search there is no hard footprint left on the user’s credit file and the search therefore does not affect a user’s credit rating.
Currently the system underwrites for Blemain Finance, Central Lending, Link Loans, Nemo Personal Finance, Norton Financial Services and Prestige Finance. Central Loans Ltd is in discussion with a number of other lenders to add to the panel in the near future.
Ryan McGrath, Managing Director of Central Loans Ltd said:
"Before Selfserveloans.co.uk, our customers had to complete an application over the telephone and had the inconvenience of discussing their personal details with a stranger in order to find out which secured loans they qualified for; now we can achieve the same result with no telephone calls and much less hassle for the customer."
