Today: Last Update:











Poll

Do you expect to see less or more second charge mortgage lenders in 2018?



Lender nears launch after securing FCA authorisation




Nava Finance Limited has been granted authorisation to offer personal loans to UK customers by the Financial Conduct Authority (FCA).

The approval comes as the personal loans lending platform looks to launch towards the end of Q1.

Nava Finance hopes to address a segment of the consumer credit market which is underserved by many traditional lenders and to provide a mature, responsible and transparent source of credit to mainstream borrowers.

The lender was founded by Joe Dlutowski, Richard Lee and Abhai Rajguru and is built on deep analytics, which it uses for credit and other underwriting processes.

Nava sources loan funding from institutional investors and manages the process of sourcing and underwriting borrowers.

Speaking about receiving FCA authorisation, Joe added: “I am delighted to share this news and look forward now to announcing our launch.”

Nava will be holding an event at the end of Q1/start of Q2 to mark its official launch.

The lender will also be releasing a report with Cebr (Centre for Economics and Business Research) in the coming weeks looking at the state of the consumer credit market and how it affects borrowers. 

 





Post your comment:

I well omega replica watches removed them, in I below. Those companions call fake rolex watches sounded like a bird chirp. Squeezed between the fragmentation omega replica of the basalt is cold crunching sound rolex replica watches of quicksand. Flat slopes gradually, I came to the edge of breitling replica watches the crater, a cement embankment covered with dark brown on top. I ran over to cartier replica watches see the cement, the steel roof covering the top: This is the beginning of replica watches the 22 century dome structure. It would appear that we have longines replica watches come to the right place. From my u boat replica watches current position.