MoneyAisle.com has launched an “online auction place” for consumers to get competitive rates on unsecured personal loans and financing for boats and recreational vehicles.
According to a press release, Burlington, Mass.-based MoneyAisle.com has helped consumers save money by using its reverse auctions to tap into a network of over 200 banks and credit unions to get the best rates for auto loans and refinancing, bank CDs and high-yield savings accounts.
MoneyAisle.com has now launched their proprietary reverse loan technology for unsecured personal loans. As with all of its products, MoneyAisle.com helps consumers across a wide range of credit scores. For consumers, unsecured personal loans are an important way to reduce debt and meet emergency expenses instead of relying on credit cards with higher interest rates. With MoneyAisle.com, consumers can instantly find fixed rates for personal loans can be as low as 8.30%.
The company said that consumers can also turn to MoneyAisle.com to deal with another frustrating experience: how to refinance their loans for boats and recreational vehicles with high-quality lenders. MoneyAisle.com is bringing its patented reverse auction technology to allow banks and credit unions to compete to offer the lowest interest rates on boat and recreational vehicles, taking away the burden of comparison shopping from buyers and shifting it to sellers.
MoneyAisle.com also offers the option for consumers to sign up for loan rate alerts for unsecured personal loans or for loans on boats and recreational vehicle. After running a live auto loan auction and deciding to decline, consumers can sign up for an alert on the results page and MoneyAisle.com notifies consumers when rates that match their desired bids are available.
“Now consumers can save money by taking out unsecured personal loans, offering an alternative to the high interest rates of credit cards,” said Mukesh Chatter, CEO and President of MoneyAisle.com. “We are also pleased to offer new loan options for boat and recreational vehicle owners.”