NatWest is set to launch a new digital platform to allow SMEs to quickly obtain unsecured loans of up to £150,000.
Esme Loans gives customers a fast decision on their lending application which, if successful, will result in rapid funding, potentially within an hour. Customers will also benefit from no early repayment charges and competitive rates.
Borne out of an ‘Innovation Cell’, working with Fintech – Ezbob Limited – Esme has been developed in response to the emergence of innovative direct and P2P lending platforms, and aims to simplify and speed up the lending process.
The new automated, lending platform will originate unsecured and unregulated loans of up to £150,000 for a maximum of five years for UK SME customers, whether they bank with NatWest or not.