Average reading time: 2 minutes
The first lesson of the day!
We are not a bank.
Which we are incredibly excited about, and as should you be.
We are a modern marketplace lending platform offering affordable online loan options to Canadians.
And because we are not a bank!
We are able to offer competitive financial solutions that are tailored to you, the consumer, so our members are treated as people, not just numbers, and given the best possible chance for success. As our Co-Founder, Arti Modi, says,
“our mission is financial advancement for all.”
Our unfair competitive advantage includes exclusive partnerships with innovative data sources that allow us to underwrite and score borrowers more effectively, giving you the exact loan rate you deserve, and potentially a personal loan where other lenders might turn you away.
We utilize tools that limit the bank’s involvement in the lending process and accomplish results for the borrower in a fraction of the time. We are always asking questions like “how can we speed up the borrowing process?”, “What new data can we look at to understand the future habits of this customer?”, and “How can we help borrowers achieve their financial goals?”. As a result, we have one of the fastest, easiest online loan application processes anywhere and at extremely competitive rates.
No Lines. No Paperwork. No Headaches.
We are determined to create a financial eco-system that features you, the consumer, at the centre of the equation. Why? LendingArch was founded by seasoned millennials, recent graduates, computer geeks, technology architects and ambitious entrepreneurs, regular people, just like you. We have set out to redefine the way you borrow money through online lending, cutting inefficiencies from the financial chain, and introducing a new way to view you as a potential borrower.
The key takeaway from this session:
Think Outside The Bank.
You can learn more about what we can do for you on our homepage. Get started today. Pre-approval for an online loan takes just a couple of minutes through our entirely online loan application. Checking your loan rate will not affect your credit score.