Credit and loan management tool site Credit Sesame has introduced SnapLoan, a platform that helps qualified consumers quickly obtain a loan. The California-based company is comparing the new offering to Amazon’s One-Click purchase option.
SnapLoan ties into qualified users’ credit and financial profiles in real time to streamline the loan application process for potential borrowers. Founder and CEO Adrian Nazari says, “We are making it easy for our users to get the most relevant and accurate loan offers and approvals from marketplace lenders in a snap, with the click of a few buttons.”
Credit Sesame is piloting SnapLoan via a partnership with BorrowersFirst, an online lender powered by Cross River Bank that offers personal loans ranging from $2,500 to $35,000. The product launches in beta today, and there is no word yet when it will be available to Credit Sesame’s 8 million users.
Founded in 2010, Credit Sesame debuted its newest PFM features at FinovateSpring 2015.