everydayloans is now able to offer its introducers and brokers access to a capped rate product

The offering allows introducers to stream specific lead sources into a capped rate product with pre-defined rates, ensuring that the rates offered to qualifying customers always fall within a specified level.

everydayloans has successfully deployed two capped rate offerings for individual brokers and is now offering the facility to all of its broker partners.

“As a sub-to-near prime lender we offer a broad rate-for-risk pricing matrix.  Some of our brokers however, take declines from financial institutions that place rate restrictions on any loan offers made to these customers.  As we are able to set the rate cap at any level specified by the introducer, we can now accept leads from a broader range of sources, give our brokers peace-of-mind, and ultimately write more business,” comments Mark Ridlington, director of operations at everydayloans.

everydayloans offers unsecured loans to tenants and homeowners via its network of branches around the UK. Providing customers with a friendly local branch in which to arrange their finances, everydayloans offers unsecured personal loans from £500 to £10,000. Customers can apply online or call their local branch to arrange an appointment, then simply turn up with proof of identity, address and income, and subject to circumstances, could leave with a cheque for any amount between £500 and £10,000.