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Unbolted, a new way of lending



Taking influence from market leaders Wonga, but with plenty of their own additions, founders Rito Haldar and Ashwin Parameswaran already have customers wanting to try out their new system that benefits the asset-rich but cash-poor, a state of affairs that is increasingly common. 

The Financial Technology Company, also known as a ‘FinTech’ start-up offers market-leading rates on loans taken out against the luxury items of the loanee, between 1.5% and 3%. Borrowers apply for these loans at exceptionally low rates by uploading a photo of anything from their jewelry, watches or even cars to 'unbolted.com'

On the subject of his newly thriving start-up, co-founder Rito Haldar said, “We set up Unbolted because we want to challenge the way people can access credit through other secured lenders. We’ll do that by being transparent, offering fairer terms, cheaper rates and a convenient, easy-to-use online service that puts consumers firmly in control of their borrowing.”

Unbolted uses a peer-to-peer online model that strips out many costs and ensures customers benefit from lower rates than typical larger loan companies or pawnbrokers, making short-term borrowing affordable and simple to help asset-rich but cash-poor individuals and business owners There’s little doubt that Rito has big plans for the expansion of his business, and with the initial statistics he is right to be optimistic about the future. At a time when the traditional payday loan companies are under intense scrutiny, Rito and Ashwin’s business represents a welcome new face on the block with an innovative way of doing things. 

Ashwin noted, “There’s a certain stigma attached to the pawnbroker industry, which is in real need of a shake-up. We’re aiming to remove this stigma and create a new financing option that benefits more people. We hope people consider us when they come to review their borrowing options. The reality is that in difficult times people sometimes do need extra cash and through Unbolted they now have a smarter, fairer and more sustainable way to do just that.” 

The service was launched shortly after Christmas, when many people are looking to consolidate debts or look for short-term finance options in a cost-effective and convenient way.

As long customers are over the age of 18 and have an asset they can borrow against; the service is available to them. Make sure, however, to consider all options and seek advice from friends and family before taking out a loan of any size.

8 comments:

http://essaytoday.net/ said...

Loans are always a risky business, you know. I took loans only twice in my life and they weren't good days. I strongly recommend that you should make a good thought day before.

Norman said...

Loans are never risky if you know how to make money. Work hard & smart and you won't have any problems paying your dues :)

sineklik said...

thank you friend.

sineklik said...

great post. thanks.

panjur tamiri said...

thnxx....

öztiryakiler said...

You are wonderful. Thank you guys.

endüstriyel fırın said...

thankss.. endüstriyel fırın

sineklik said...

thanx.. sineklik

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