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Artificial Intelligence | Machine Learning Fintern | Affordable Loans

Consumer, Application Software, Financial Services, Banking, Consumer Lending, Personal Finance London, England, United Kingdom

Artificial Intelligence | Machine Learning

Fintern | Affordable Loans

Application Software, Financial Services, Banking, Consumer Lending, Personal Finance

London, England, United Kingdom

Fintern is building a radically different approach to consumer lending. Fintern is a UK consumer lender which aims to expand access to low-cost personal credit by using the UK’s new Open Banking standard to analyze consumers’ historical bank statement data. Open Banking data allows us to build a granular view of customers’ financial circumstances, properly understand their affordability, and place less reliance on credit reference agency scores.

Fintern allows you to qualify for low-cost loans, and for us to help you define an affordable and sustainable repayment plan. Our loans are based on how much you can afford to repay every month. We show you the range of repayments you could afford, based on our analysis of your transaction data. We also show you how much your total borrowing costs will reduce if you increase monthly payments and repay faster. Small increases in repayments can massively reduce your total costs. The actual repayment amount is always your choice, and you can change the amount at any time (fees and conditions apply).