Symple Loans seizes the opportunity to benefit from the slow adoption of digital lending technology and address unnecessarily high interest rates on unsecured personal loans

TORONTO, October 14, 2021 / CNW / – Canada Symple Loans, the newest financial technology company, is open to business, offering better, faster online borrowing and lower interest rates for creditworthy, premium, and super-prime customers in Canada.

Symple uses cutting edge technology to digitize end-to-end borrowing for applicants and advanced analytics to offer financially prudent borrowers (consumers with strong credit ratings) interest rates as low as 5.75%.

The company was founded in Australia in 2018 and is part of a wave of progressive fintech companies that are helping to transform digital lending worldwide. Today’s announcement further promotes Symple’s mission to make an international impact by addressing the opportunity to reduce the cost of credit for Canadian consumers.

“The launch of Symple in Canada will help fill a void for Canadians looking for affordable rates and a quick and easy online application process, which is vital in today’s environment. Big banks have been slow to adopt modern lending technology and fintech companies here are not offering compelling interest rates necessary to compete effectively with incumbents, “said David Gold, President and Chief Operating Officer of Symple Canada.

Symple has developed a number of proprietary credit and pricing strategies that involve the use of additional data sources that are often excluded or overlooked in traditional credit risk models. This enables the company to get a more complete picture of the financial and professional situation of a borrower and thus more accurately assess the creditworthiness of the applicant and the corresponding interest rate for a more individual loan offer.

Gold added, “Our strong focus on the prime and superprime segments allows us to offer interest rates that are significantly lower than what consumers can get elsewhere. This, along with a great online lending experience, is great news for Canadians who now have more choice for their personal credit needs and represents a clear strategic advantage. “

The story goes on

Additional features of Symple Loans include:

• Borrow until $ 50,000.

• Receive an individual interest rate offer in 2 minutes.

• Complete a fully digital loan application in 7 minutes.

• Receive an automated credit decision in 60 seconds.

• Have approved funds available within one business day.

• No fees or early payment fees.

• Loan terms up to 7 years.

Visit www.sympleloans.ca for more information or to get started with your Symple loan.

About Symple
Symple Financial Group Pty Ltd is a Melbourne, Australia Founded global financial technology company headquartered in February 2018 from Bob Belan and Paul Byrne – Senior Banking Executives with extensive local and international experience managing large credit transactions. The company leverages its state-of-the-art digital lending platform, advanced analytics, and global best practices to offer unsecured personal loans that are funded by institutional investors. Symple’s global management team consists of technology, credit risk, operational risk, marketing and investment management specialists with in-depth knowledge of the areas Australia, Canada, Asia, and US markets. Symple Loans Canada was established as a subsidiary of the Symple Financial Group in. founded February 2021 and is based in Toronto, Ontario, Canada. Latitude Financial Group Holdings Ltd. at the Australian Securities Exchange (ASX) on. announced August 9 that she had agreed to acquire Symple Loans.

QUELLE Symple Loan – Canada

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