Group announced Tuesday it has struck a deal with easyhome Ltd. that will add unsecured loans to Centum brokers’ product offering.
"We have always tailored mortgage options to each client's specific needs, to provide them with the best value," Paul Therien, vice president of operations for Centum said in an official release. "We are excited to offer a loan product that's different: a fast and flexible solution to fit each lifestyle and budget. We believe that the loans provided by easyfinancial will assist CENTUM’s clients in achieving their financial objectives faster.”
Centum will be the first – and only – mortgage broker network to offer easyfinancial’s unsecured loans to Canadians. Consumers can use these loans to for things such as improving their credit score, home renovations, car repairs and managing bills.
Ranging from $1,000-$5,000, approved customers will have access to the funds within 24 hours of submitting an application.
The loans are repayable over terms that range from 12-36 months. However, clients can repay their loan in full without incurring a penalty.
“The breadth and depth of the Centum network and the close relationships they have developed with their clients provides us with a new and innovative way to offer our financial products and services to a new customer group,” Jason Mullins, senior vice president operations for easyfinancial said. “We are excited to announce Centum as a partner in our indirect lending platform.”