Guaranteed Rate announces launch of all-digital personal loans

By Edlyn Cardoza

Guaranteed Rate, a mortgage lender driven to be the nation’s top FinTech, announces the launch of its new end-to-end digital Personal Loans. Online applications for these ultra-fast digital loans take as little as 10 minutes to complete, and customers could receive up to $50,000 within hours.

With rising interest rates and soaring inflation, many Americans are looking for the fastest and most effective ways to consolidate high-interest debt and access low-interest funds they can use for home improvement or other life projects. Guaranteed Rate’s new Personal Loans solve those needs in record time. These loans offer low rates, a super-simple online application that takes a few minutes, and flexible repayment options from 1 to 5 years.

“Guaranteed Rate’s awesome Fintech platform is designed to provide our customers with fast and frictionless financial products,” said Guaranteed Rate President and CEO Victor Ciardelli. “And our new end-to-end digital Personal Loans are a fantastic example. In less than 10 minutes, customers can complete our online application and have their money within hours with absolutely no human contact.”

Guaranteed Rate’s Personal Loans have no fees—no origination fees, no NSF fees and no late fees. Funds are received in a lump sum, and payments can be made over 12, 24, 36, 48 or 60 months.

“Personal Loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, Guaranteed Rate’s Executive Vice President and Head of Unsecured Lending Products. “We know that customers need and want their money fast and they want the process to be hassle-free and super-simple. Our new Personal Loans product over-delivers on those needs.”

Guaranteed Rate’s new end-to-end digital Personal Loans are just one example of the exciting new FinTech solutions the company is developing. “Guaranteed Rate’s tech team is laser focused on providing the best and most effective, fast and easy-to-use Fintech solutions in the industry that have never been available before. We have listened to our customers and are giving them what they want and need,” says Ramesh Sarukkai, Guaranteed Rate’s Chief Product and Technology Officer.