Borrowers can pay more on their monthly payment to save on interest and pay down their loan faster with the confidence that they can easily take it back in our award-winning dashboard.
Take-Backs are specifically engineered to ensure the original amortization schedule stays intact, so you're able to offer borrowers an innovative solution that fits their needs without ever changing the underlying credit risk of the asset.
Borrowers are ready to upgrade their debt once they learn about loans with Take-Backs. They're also more likely to have a checking account, higher account balances, and better payment habits with your financial institution.
more likely to attach an active checking account1
reduction in loan delinquencies1
loans per borrower1
Net Promoter Score2
1Kasasa Analytics, 2023. Behaviors of borrowers using Take-Backs.
2Net Promoter Score, 2023.
Give borrowers the confidence to pay ahead, knowing they can access the extra funds they paid when they need them.
Let borrowers see the impact of payments before they make them and access their Take-Back balance at any time.
No need for extra logins. Borrowers access the Take-Back dashboard in your current online banking platform.
Add the Take-Back feature to new and existing loans. All loan servicing remains on your core processor.
New borrowers are encouraged to set up autopay from a specific checking account during onboarding.
Tell account holders why their loans should have Take-Backs. Show borrowers how rewarding Kasasa checking can be.
Offering borrowers flexibility is the first step. See your financial institution thrive with data-driven marketing and consultative guidance.
Boost your loan volume even more with an optional program to help you reach new borrowers in your community.
Receive strategic guidance and helpful resources, including performance reviews, online training, and actionable analytics.
A Take-Back 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 the 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.
Kasasa does not underwrite any loans — you’ll continue to follow your current underwriting and decisioning practices. New and existing loans can live on the existing core. Consumers enjoy an enhanced experience within their current online banking. No change to frontline or back-office processes.
We developed our Take-Back feature, and its associated documentation, with the help of one of our nation's leading law firms. Utilizing an elegant user interface, borrowers can add the Take-Back feature by simply reviewing the feature's disclosure and executing it via electronic signature.