Personal-loans.com announces that it has cut loan approval times by 50%
PR Log - Oct 03, 2012 - In today's fast paced world consumers don't expect to wait for anything. They are living in an age when food comes fast, and communication comes even faster. For many consumers, being able to get things instantly is very important. They don't expect loans to be any different. Consumers are used to purchasing media like music and movies and having instant access to them. Why should their loans be any different? Personal-loans.com says that they should not be any different.
Janice, a representative for the company behind the website explains.
“We are living in a digital world. Everything is being done digitally. 90% of the human population owns some sort of digital device that they use for shopping and communicating. These technological advances have made it too easy for consumers to get everything almost instantly. We knew that consumers would start expecting the same thing from loans. So we set out to improve our loan approval process. There were two things that we did to help increase our loan approval speed by as much as 50%.
The first thing was upgrading all of the hardware that powers the website. We had to be able to leverage the power of the fastest internet providers in the world. We moved the entire website to the fastest server in the business. This helped with the overall speed of the site. The approval form would load faster, and communications would be faster in both directions.
The next thing we set out to do was tell our unique list of lenders that loan approval times had to be increased. An hour was not fast enough for consumers. We had to do better than that. If our lenders could not offer faster approval times, then we would find new lenders who could. That is exactly what we did. We found a new group of lenders that have stepped up and embraced technology by offering 30 minute approvals, and in some cases, the approvals have been instant. These cases have shown a 100% increase the loan approval speeds.”
Personal-loans.com is a consumer loan shopping website. This website helps consumers get approved for personal loans. Personal loans are short term loans that have been designed for quick cash scenarios. Consumers are using these loans to help them with automotive repairs, emergency medical situations and paying the bills.
Consumers must be aware that these are still loans and they must be paid back. Personal loans are not free money.
Personal-loans.com is a loan comparison website not a loan service company. Since launching a few months ago, it has offered a simple three step form online to get personal loan comparisons quickly and easily. Personal-loans.com offers low interest loan comparisons from the largest selection of loans online.Lenders on Personal-loans.com offer highly customizable financial aid for almost any financial situation.