CashPal Hits A Massive 200,000 Loan Applications
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CashPal TeamLast updated 14 September 2022
Australia’s fastest growing lender finder
Award-winning lender finder CashPal is celebrating a monumental 200,000 loan applications processed through the website — and if current trends prevail, that trajectory is set to continue. In an economy steadily recovering from the COVID years, personal loans are in high demand: every month CashPal sees over $20 million in personal loan demand, with surging inflation — which favours borrowers over lenders — further pushing the upturn.
Co-Founder and Marketing Director Pierre Ajram commented: “There is an abundance of large, small and private lenders in the market — this gives consumers choice and options, something the average consumer applying for a personal loan never had in the past, as the industry had been dominated mostly by the big banks.”
Built on the three things borrowers want
As a marketplace for personal loans, CashPal set out to take a piece of the pie from the big banks — success founded on delivering what consumers wanted most.
- 1
Options
A diverse range of partner lenders across Australia gives consumers genuine choice.
- 2
A simple process
One of the quickest loan application forms in the market.
- 3
Speed
Most applications receive an instant outcome — and upon approval, funding is possible within 60 minutes.
What’s next
Projections show CashPal on track to break past the 300,000 applications milestone by the end of the 2023 financial year. Originally reported by Australian FinTech.
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