NEW YORK, Feb. 28, 2013 /PRNewswire-iReach/ -- Unsecured personal loans are making a dramatic turnaround due to key strategic initiatives launched by Personal-Loans.com. The company launched a three-pronged strategy to cut interest rates dramatically and give a much-needed push to the personal loans marketplace.
In an official statement to the press, Personal-Loans.com made the following announcement:
"We have leveraged three critical strategies to help consumers save money on unsecured personal loans. First, we expanded our portfolio of lenders and our overall reach within the lender marketplace; second, our company completely revised our technological infrastructure to facilitate the matching process; finally, a strong team of experts have worked very hard to strengthen our lender relationships and negotiate the best offerings possible. The combined effect of these strategies is a powerful portfolio of banks, lenders, and other financial institutions that works collectively to drive down the overall cost of applying for an unsecured personal loan. Cumulatively, we have saved millions of dollars for our customers."
Adrianna, who recently applied for a short term personal loan through Personal-Loans.com was rather surprised to see the dramatic difference in interest rates between Personal-Loans.com and her local lender. In her own words: "I was completely bowled over by the difference. A low interest rate can make all the difference in my decision-making process. Why would I ever go back to my local lender when I can get a much better offer in just thirty seconds? Isn't competition the most fundamental principle of capitalism?"
"Relationships make all the difference in this market. When a lender knows that it can easily obtain a much larger volume of customers from us, they wouldn't mind passing on the savings in marketing expenses to our customers. It is a win-win for all parties. It is no wonder, we enjoy nearly 70% to 80% referral rates. That's pretty high in our industry," says Roger Render, CEO of Personal-Loans.com.
"Since we revised our portfolio, we have witnessed a significant momentum in new loan applications in comparison to last year. I strongly believe that customers are appreciating our offerings and are very excited to finally be able to secure low interest personal loans," adds Render.
Personal-Loans.com is a free site where consumers can fill out short, thirty-second unsecured personal loan application and receive free quotes from a large network of lenders. The company utilizes a wide array of platforms and algorithms to quickly connect customers with banks and lenders who specialize in offering loans to individuals and businesses with different credit profiles, including those with credit issues.
Over the past fifteen years, the company has assisted thousands of individuals obtain low interest personal loans. In addition to its offerings, a dedicated team of loan experts offers 24/7 support to customers requiring assistance either with filling out the application or with loan-related questions and issues.
If you would like more information about this topic, Visit our website at: http://www.personal-loans.com/secure-vs-unsecured-loans.html.
Media Contact: Roger Render Personal-Loans.com Ltd, 305-942-8085, firstname.lastname@example.org
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SOURCE Personal-Loans.com Ltd