Alternative Lenders
Expand your lending with a partner that understands your business.
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Book loans originated by the lender on Netbank’s balance sheet
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Automate payments to and from the alternative lender’ accounts to their clients, to their funders
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Distribute funds via ATM
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Allow alternative lenders to cross-sell other products to the clients – insurance, savings accounts, payment facilities, etc.
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Allow the lenders’ clients to manage products from an app, re-skinned to the lender’s brand
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Manage client contacts via the CRM system – pass client concerns to the lender where needed
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Provide client on-boarding / eKYC
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Gather data to allow credit scoring, such as location data, credit file, etc.
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Report on NPL rates, vintage curves, profitability, etc.
Existing alternative lenders looking to expand
Lenders need to raise additional funds to expand their portfolio. If they book loans on their own balance sheet they will also need to raise capital to meet lenders’ leverage requirements, so founders risk losing control. By transferring loans to a bank, lenders can expand without needing to focus on fund raising, allowing them to focus on growth. They also lower their capital requirements, so increasing their returns on equity.
Netbank is ‘in production’ with 2 alternative lenders and piloting with 2 others.
International lenders looking to expand in the Philippines
The Philippines is an attractive market for alternative lending, with high interest rates and high propensity to borrow. On balance sheet lenders need a finance company license, which can delay launch. Existing platforms find it easier to enter the market in partnership with a bank; loan originators do not need to be licensed. Netbank has deep expertise in all forms of lending and can work with lenders to advise on market entry strategy and credit risk mitigation tools.
Netbank is advising / partnering with 2 alternative lenders seeking to enter the Filipino market.