MoneyLoop was founded in January 2018, with the sole goal of enabling consumers to manage their unexpected emergency expenses better. We noticed that more than three out of five Australians do not have access to $3000 in an emergency, and one in five do not have $1000 in savings. This eventually makes claiming on their insurance product not only emotionally stressful but also financially.
MoneyLoop offers insurers the ability to lessen the financial stress on a customer, during the claims process, by providing a white-labelled interest-free finance solution for their customers to repay the excess in an easy to manage interest-free instalments.
With our credit decisioning engine we are able to accept any customer you send us. We use our score to determine the required discount to service the customer. This includes your customers who are eligible for financial hardship.
We understand that some customers will require longer period of time to repay their excess. This is why we offer flexible payment solutions ranging from 2 months up to 4 months. This is to ensure that you are there for your customers when they need you most.