Unbolted is part of a technological revolution. It is an online-only, peer-to-peer (p2p) lending platform that provides a simple and fast opportunity for borrowers to receive immediate funds against their personal assets, in complete privacy. “We saw the transformation of financial services and wondered why no-one had provided the mass affluent with access to the same type of services that private banking customers have received for years,” explains Co-Founder Ashwin Parameswaran.
Uniquely, if Unbolted makes a decision to lend, it proceeds immediately to disburse the loan, whereas other p2p marketplaces wait for individual lenders to confirm their willingness to participate.
Unbolted partners with top specialists in determining market values – valuation experts and leading auction houses. This critical role is outsourced to ensure the robustness of the valuations. Would-be borrowers can apply for secured loans at market beating rates – against anything from gold to grand pianos, and fine art to fine wine. Co-Founder Rito Haldar adds, “We have developed this business based on what is possible today, not on yesterday’s model. The customer is the driver of the business like never before and we guarantee them the best rates as well as a good user experience.”
So, what’s the catch? Well quite honestly, there isn’t one.