Personal loan link from eMoneyfacts

eMoneyfacts last week launched a personal loan application system for its 15,500 users.

The system enables brokers to link via eMoneyfacts to Gateway2-Finance to submit prime personal loan applications online.

Gateway2Finance operates a cascade system that links to the back-office systems of personal loan provider Black Horse Financial Services.

If a client can’t be placed with Black Horse they are farmed out to other providers until a competitive deal is found. Brokers will receive commission of 1% for each application that completes.

Ed Payne, head of eMoneyfacts, says: “The main advantage of this system is that consumers have the chance to raise extra money if there is a shortfall in their deposit.”