Offer the only loan with Take-Backs | Kasasa

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98% of consumers would refinance existing debt at the same rate to get a Kasasa Loan with Take-Backs.1

The Kasasa Loan is the only auto and personal loan that gives borrowers the flexibility and control of Take-Backs — where consumers can pay ahead to reduce debt, and still access those extra funds if they need them. It also offers the transparency they crave through an award-winning dashboard that allows them to better understand and manage their debt in real time.

12017 Consumer study

 

Won Best of Show at FinovateSpring 2018 and Best Consumer Lending Platform
at 2019 Finovate Awards.

Half of Americans have more than one banking relationship.2
Be their lending choice.

Without changing their credit criteria or increasing marketing investment, institutions offering the Kasasa Loan see, on average:3

52%

INCREASE

in total loan balances

39%

MORE LOANS PER BORROWER

when compared to traditional loans.

9%

HIGHER AVERAGE BALANCE

per loan.

70

NET PROMOTER SCORE

compared to the industry average NPS of 18.

22017 Consumer study 3Kasasa Analytics 2021

kasasa-loans

The control you want. The support you need.

  • Retain your process

    • You’ll still manage your underwriting decisions
    • Leverage integration with several consumer loan origination systems

  • Lifetime support

    • Training — our team equips your staff with skills and knowledge to succeed.
    • Consulting — get comprehensive industry insight and strategic guidance.
    • Builder™ — a tool that helps educate consumers during the loan opening process.

  • Marketing that works

    • Lifecycle Marketing — automated cross-sell programs to identify existing consumers who are paying debt elsewhere, as well as cross-sell existing consumers without a current loan.
    • Performance Marketing — attract new consumers who are actively shopping for loans using digital display, paid search, and channel marketing.

Have more questions? Here are some common ones.

How does the Kasasa Loan work?

The Kasasa Loan is a fixed-rate, fixed-term loan with an agreed-upon payment schedule. The consumer gets their initial disbursement and makes regular payments until the balance is paid in full.

With its mobile-friendly dashboard and app, borrowers have more transparency and control over their loan. They can manage their loan, make payments, and withdraw from their Take-Back balance in just seconds (and see the impact of these changes before they make them!). Withdrawals deposit into the borrower’s checking account and the loan balance adjusts accordingly — but never exceeds the original amortization schedule.

The flexibility to get those extra funds if needed means borrowers no longer have to choose between saving for unexpected expenses and doing the financially responsible thing by paying down their loan quicker.

How will this type of loan impact my current lending process?

Kasasa does not underwrite any loans – you’ll continue to follow your current underwriting and decisioning practices. The Kasasa Loan system interfaces with your existing loan origination system allowing you to continue your current day-to-day operations.

How can I ensure this new type of loan is compliant for my institution?

The Kasasa Loan is built to be compliant with all relevant lending acts and regulations. All information related to loan documentation, transactions, and amortization schedules is transparent for institutions and borrowers.

Will I still retain control of my process?

You’ll still manage your underwriting decisions and risks that fit your tolerance. We’ve even integrated with several consumer loan origination systems such as MeridianLink, Jack Henry Symitar, Wolters Kluwer, LaserPro, and more.

Can I offer the Kasasa Loan even if my business is not a bank or credit union?

Yes. Kasasa partners with a variety of merchants in different industries to offer the Kasasa Loan as a financing option for major purchases. Learn more about the Kasasa Networking Financing Program. 

Ready to grab a stronger share of your borrowers’ debt wallet?

This award-winning loan gives you that power. Let’s chat about how Kasasa can help create more loan demand for your institution.