We are happy to finance excesses of any size. We have had some as small as $300 and others as large as $50,000
We have an easy to implement API endpoint and an online dashboard that allows you to get started today! Just contact us today to learn more!
We request that you provide us with a discount depending on the duration you wish to allow your customers to repay their loan over. We will settle the upfront excess with you, and then recover the debt from the customer interest-free over the requested repayment period.
We offer payment arrangements of 2 months in duration.
When customers finalise their plan with you, they will be required to nominate a payment source. We typically require a debit card or credit card to be provided.
We will inform you that your customer has not met their responsibilities to repay their debt. You will also be able to track a customers repayment history via the dashboard provided.
No, you do not have to pay MoneyLoop any money if a customer doesn't meet their obligations. We accept the credit risk associated with our product.
No, our excess payments are paid directly to the insurance provider.
No, you will need to go through your insurance provider.