Lenders are an integral part of the Fynanz community. You not only finance
loans and get attractive returns, but also help provide students the most competitive interest rates.
You can lend as little as $50. Every bit helps!
Lenders get the benefit of making loans to students who have passed our underwriting criteria.
To ensure good credit quality we expect students without a credit
history to have a cosigner, and we offer borrowers incentives for making timely payments.
Loans made through Fynanz have repayment terms ranging from 5 - 10 years.
This means you get more interest over the life of the loan and at the same time
you build and improve the future of many students.
What makes us different?
Open Bids. We believe in our student community and the strength
of our underwriting model – FACS,
which takes into account not only the credit history but also the academic characteristics of the student.
Utilizing FACS, Fynanz will also place bids on loan listings. Fynanz bids will be open bids, allowing other lenders to
see the bid rate.
Loan Guarantee. Fynanz not only provides lenders with a medium to lend money to students,
we also share the risk with you. We cannot think of a better way to align ourselves with students and lenders than
to fully or partially guarantee the loan.
Our guarantees range from 50% – 100% of the amount you lend based on the FACS Grade of the loan.
Loan Repurchase. And lastly, some lenders may not want to hold a loan for it's entirety.
Parents may only want to lend while their child is in school to help lower the interest rate, or alumni to increase enrollment at their alma mater.
Holding the loan until it's paid off may not be appealing to all lenders. We understand.
Fynanz will make periodic offers to repurchase loans in repayment to lenders who have held them for at least one year.
The price will usually range between 90%-100% of the principal amount plus accrued interest and depends on the FACS grade, loan repayment history
and market conditions, among other factors.
Benefits:
- Attractive rates on creditworthy loans
- Loan guarantees ranging from 50% – 100% of the amount you lend
- Helping students build their future
Ready to lend? Let's get started...
Even though we refer to bidders as "lenders", the
loans are originated by Fynanz and then sold to winning bidders,
making them "loan purchasers". We use the term "lender(s)"
throughout the site for simplicity and brevity.
|
|
Learn more about...
Got a question? see the FAQs
or email us at:
customer.care@fynanz.com
|
