Moneyway extends partnership with Car Loan 4U
Moneyway, the motor finance arm of Secure Trust Bank, has extended its partnership with online finance broker Car Loan 4U.
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The new partnership comes after a 25% increase on the maximum loan offered by Moneyway.
Through this deal, the company hopes to offer larger loans across both prime and non-prime lending, as well as tap into the prestige vehicle space.
John Simpson, managing director at Moneyway, said: "With disposable income on the rise, it is the perfect time for Moneyway to increase its maximum lend. This allows us to provide a "one-stop-shop" in the prime to non-prime space for our car dealers and brokers alike.
"Car Loan 4U provides an excellent service to its online customers and our operational processes work in complete synergy, making it quick and easy for motorists to gain access to finance. It is vital for us to maintain a positive customer journey as we enter the prime space and execute our ambitious growth strategy over the coming months."
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By GlobalDataLast December, Simpson spoke to Motor Finance about Moneyway’s decision to expand its credit limit in the prime sector.
