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The Loans Engine has become the first secured loans broker to implement the Loanbroker API. The peer to peer finance website released the platform earlier this month which allows companies brokering loans to offer a RateSetter SmartQuote. This essentially means that companies can provide instant and personalised APR rates without the user having to navigate away to an external website.

The COO of RateSetter, Peter Behrens stated; “Peer-to-peer lending is growing fast and the RateSetter lending model - with instant personalised quotes, fast and flexible loans and low APRs – is the perfect complement for brokers seeking simple and secure unsecured finance for their clients.”

“Whilst a RateSetter loan isn’t available to everyone, this new interface enables a broker to find out instantly whether their clients are likely to be accepted.”
The Loans Engine team are obviously delighted to be able to offer this feature as it will enhance what is already a first class broker proposition. It comes at a fantastic time for the company, who have just appointed a brand new head of intermediary development – Richard Keen. Keen has more than two decades of experience in the industry and has worked with some of the biggest names in the sector.

The API is currently only available to prime borrowers and loans from RateSetter are rated for their affordable rates and flexible terms as well as the lack of early repayment penalties.

Steve Case said; “We are delighted to be the first broker to work with Ratesetter. Loanbroker API, which combines Ratesetter’s attractive customer interest rates and instant decisions, will be an excellent fit with our existing best-in-class broker proposition.”

The Loans Engine website contains a wealth of information about secured loans, debt consolidation loans and a range of other products and services.

The Loans Engine
Gresham House
53 Clarendon Road
WD17 1LA
0800 032 4646

This press release was distributed by ResponseSource Press Release Wire on behalf of Rippleffect in the following categories: Personal Finance, Business & Finance, for more information visit