CHARLOTTE, N.C., May 22, 2015 /PRNewswire/
-- LendingTree®, the nation's leading online loan
marketplace, today announced the launch of its new personal loan
rates product, an advanced second-generation personal loan
marketplace, designed to provide consumers with fast and accurate
personal loan quotes from multiple lenders and is capable of
syndication.
The personal loan rates tool allows consumers to access an
easy-to-use and informative personal loan shopping experience by
anonymously comparing quotes from multiple lenders side by side,
including loan product details, costs, and rates based on their
individual financial situation. Borrowers have control over which
lenders they want to connect with based on the presented quotes and
can choose from several different contact options: applying online,
contacting lenders via a toll-free telephone number or submitting a
request for lenders to contact them.
Lenders participating on the platform receive an incremental
source of highly motivated, qualified borrowers in the online
channel. The tool integrates cost-per-click, cost-per-call
and cost-per lead products into one platform, offering lenders more
choice and transparency. Lenders will be able to display their
brand, logo, products and services along with rates and fees that
are relevant to the consumer's requirements.
Since the experience was systematically built to be compatible
for syndication partners, large online portals and publishers can
quickly integrate LendingTree's personal loan rates into their
experiences, providing their audiences with timely and relevant
loan quotes.
"Not only is the personal loan rates tool beneficial to
consumers who want to shop and compare personalized rate details
and loan information, it also has the ability to dramatically
improve customer acquisition economics for lenders," said
Nikul Patel, Chief Product Officer
at LendingTree. "After seeing revenue from our personal loan
product grow to $3.6 million in
April 2015, launching the personal
loan rates tool is the next step to extending the reach of our
personal loan marketplace. This loan shopping experience will allow
publishing partners to syndicate personal loan rates from our
lending partners, and consumers can easily compare rates from
multiple lenders which could unlock substantial saving
opportunities."
The personal loan rates tool can be accessed at
https://www.lendingtree.com/personal-loan-rates
Publishers interested in hosting the platform on their site
should contact: PLrates@LendingTree.com.
For lenders interested in learning more about the personal loan
rates tool, visit
www.lendingtree.com/about/partner-with-us/register or email
partners@lendingtree.com.
About LendingTree
LendingTree (NASDAQ: TREE) is the nation's leading online loan
marketplace, empowering consumers as they comparison-shop across a
full suite of loan and credit-based offerings. LendingTree
provides an online marketplace which connects consumers with
multiple lenders that compete for their business. To help borrowers
make informed financial decisions, LendingTree developed My
LendingTree, which provides a credit dashboard with free monthly
credit scores, offers insight into factors affecting each score and
identifies savings opportunities. LendingTree provides access to
lenders offering home loans, personal loans, student loans,
personal loans, business loans, home equity loans/lines of credit,
auto loans and more. LendingTree, LLC is a subsidiary of
LendingTree, Inc. For more information go
to www.lendingtree.com, dial 800-555-TREE, like
our Facebook page and/or follow us on
Twitter @LendingTree.
MEDIA CONTACT:
Megan
Greuling
(704) 943-8208
Megan.Greuling@tree.com
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SOURCE LendingTree