U.S. digital bank Radius Bank announced on Thursday it has teamed up with Credible to expand its digital marketplace. Radius Bank reported that through the partnership, consumers can source competitive rates for student loans, student loan refinancing and personal loans through the Radius platform. The bank’s customers may also check rates for student loan refinancing through Radius Online Banking and the Radius Mobile app.
“When searching for the newest addition to the digital marketplace, Radius sought a partner that would help support its mission to deliver superior products and services to help clients meet their financial goals. Credible has become the leading online loan marketplace by providing instant access to actual rates from more than three dozen lenders. Credible’s marketplace integrations with credit bureaus and lenders make it easy for consumers to request rates without hurting their credit score or putting their personal information at risk.”
While sharing more details about the collaboration, Radius Bank’s Vice President of Strategic Partnerships and Technology, Huma Usmani, stated:
“Competition among lenders benefits consumers, but only if they compare rates. We are pleased to offer a solution that can help our customers save money not only when they take out loans, but to manage their existing debt wisely.”
Credible’s Vice President of Partnerships and Business Development, Dave Lewis, went on to add:
“Our ability to provide actual, pre-qualified rates helps the Credible marketplace stand out from traditional rate comparison sites, which only display marketed rates or rate ranges. Our unbiased and transparent approach to lending is proving attractive to partners like Radius who share our consumer-centric values.”