Financial Digest

RCS enters secured lending business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Finance Finance Headlines News

BNP Paribas-owned consumer finance company introduces peer-to-peer vehicle and home improvement loans

Unsecured lender RCS has quietly entered the secured lending space.

RCS CEO Regan Adams said the lender realised how difficult it could be to compete with the big banks in asset financing, which is why RCS is carving a niche to finance private peer-to-peer vehicle transactions. Adams said the company’s ambition in the unsecured lending space was to start growing its credit card offering. The company will target its store card customers with both the personal loan and credit card offerings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rand weaker after US Federal Reserve holds lending rates, stocks gainThe US Federal Reserve on Wednesday held interest rates steady and signalled little appetite to adjust them any time soon. This is worrying
Source: ewnupdates - 🏆 30. / 53 Read more »