Experts Pick Best Personal Loans, Borrowers Shop: Loans.net Announces Groundbreaking Two-Layered System

DALLAS, May 24, 2013 /PRNewswire-iReach/ -- "We offer the best personal loans in the market" -- almost every lender has a similar claim in its marketing collateral and ad pitches. In an over-crowded marketplace, it is hard to sort the lemons from the apples and most borrowers invariably end up making bad decisions due to a sheer lack of in-depth knowledge.

In order to facilitate informed decision-making and more productive choices, Loans.net announced a groundbreaking two-layered system that would make it much easier for borrowers to call out the lemons and avoid them altogether. Based on company reports, experts would pick loans and sort and rate them based on the lender's overall performance over a course of time. Several criteria would be used in order to organize and rank the lenders. Furthermore, ones that have performed badly over a course of time would be phased out of the system. Borrowers would then have the opportunity to pick from pre-sorted lenders and loan programs.

"It is a win-win. Now, consumers can tap into our expertise and avoid bad picks that could derail their financial future. Since true loan experts do most of the work, users really have to pick programs based on overall terms and 'financial compatibility,'" says Yonni Rossa, CEO and founder of Loans.net.

"It really helped me when I was shopping for a loan. I had pre-rated and sorted lenders to work through. My job was to simply go through the pre-developed list and pick companies that appealed to me. The company had already done most of the work for me," says Maria, who was one of the customers participating in a pilot assessment of the two-layer program.

"Success rates have been much higher with the new program as borrowers focus more on the loan's terms as opposed to worrying about the lender's reputation and other intangible metrics. It is almost like picking through an array of pre-sorted fruits. You know they are all good, but just have to focus on the one that really appeals to your needs," says Matthew, an analyst for Loans.net.

Loans.net is a loans marketplace where borrowers can shop for the best personal loans. In addition to the assistance provided by loan experts, hundreds of knowledge base articles, cutting-edge technology, and a powerful suite of loan comparison and shopping tools would facilitate the overall process for the users.

Loans.net helps consumers tremendously by saving both time and money. In comparison to competitors, the interest rates are much lower and hundreds of options are offered to borrowers in order to facilitate the loan shopping process. Applicants need to fill out a simple thirty second application and provide a list of criteria to work with. Based on applicant response, the system would generate a solid pick of the best personal loans to choose from. One simple application does the trick and generates quotes from multiple lenders in one go.

For more information and to request a quote, visit http://www.loans.net/personal.html.

Media Contact: Yonni Rossa, Loans Network Ltd, 646-257-4131, [email protected]

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SOURCE Loans Network Ltd