Alliance Bank Malaysia Berhad’s Post

From 4 December, we’re enhancing our streamlined lending process to make commercial lending even easier - Your clients can apply for secured lending of <$1.5M with as little as one BAS and an Integrated Client Account statement. Regardless of the loan type, eligible businesses can benefit from this simpler and faster application process. I sat down with MPA Magazine to explain the benefits – read the article: Commercial lending that’s faster and simpler, https://hubs.la/Q02b9kb70   #ANZCommercialBroker #CommercialBroker Emma Kirwan Aidan Parker Greg Dent Matthew Wiley Paul Presland, GAICD Adrianne Oliveri Adele Fiene Gareth Arbuthnot Nathalie Hesse

Have you ever realized that for that small ticket loan of $1 issued to a borrower at 8%p.a., the digital credit provider has to cover the costs and still leave allowance for some interest income? The cost of Small Ticket Loans = #KYCcosts + #Fraudcheckcosts + #Creditunderwritingcosts + Risk Margin (includes market risk premium) + #costofcapital + Cost of Operations (includes Customer Acquisition Costs) + #Regulatorycompliancecosts + #technologycosts + Loan Servicing Costs + #Defaultanddelinquencycosts + #insurancecosts + Tax Implications + #Fraudlosses + Operational Risk Costs.

The infinite number of loan products now on offer makes it even more important to get a finance broker to help you understand what facility best suits your circumstances. Loan terms can be complex and brokers can help you navigate through this sometimes convoluted & time consuming process. https://lnkd.in/ge22AQps

SEAMLESS & QUICK LOAN APPROVAL PROCESS . . . #SuratPeoplesBank #FinancialGoals #SavingsMadeEasy #TrustedBanking #BankingSince1922 #SecureBanking #FinancialDreams #FinancialFreedom #BankingSolutions #FinancialSupport #ClimbToSuccess #PersonalizedBanking #InnovativeBanking #DigitalBanking #YourSuccessMatters

FAQ: How do online lending platforms differ from traditional banks in their lending criteria? Online lenders use tech & data for quick, flexible loans, often for those with less traditional credit. Banks focus on established credit & relationships.