WILMINGTON, Del.--(BUSINESS WIRE)--Marlette Funding, LLC, a national marketplace for unsecured personal loans, announced that the general public can now apply for personal loans at www.mybestegg.com. Marlette Funding’s flagship financial product is a streamlined approach to lending that uses data and automation to enable consumers to borrow money online at competitive rates without administrative hassles or long waiting periods. Until late last year, eligibility to apply for a Best Egg loan had been by invitation only.
Since the exclusive launch of Best Egg loans in March, 2014, Marlette Funding originations are growing quickly, exceeding $450 million in total loan volume with over $200 million originated in the fourth quarter alone. Marlette’s success has attracted a diverse institutional investor base providing commitments of more than $1 billion to fund future loan originations. Investors range from asset managers, to banks, and to family offices.
Marlette Funding empowers customers to responsibly manage debt through a loan platform that is faster, easier, and less confusing than what traditional banks are offering. “The financial crisis in 2008 left many consumers without attractive options to consolidate and pay off debt. Regulatory changes, banks pulling back on lending and increases in the cost of capital were the impetus to launching Marlette Funding,” stated Jeffrey Meiler, Founder and CEO of Marlette Funding. “We are thrilled with the incredible response by consumers the last ten months and are excited to welcome every individual looking to improve their financial future to come apply for a Best Egg loan.”
To apply for a Best Egg personal loan visit: https://www.mybestegg.com/
Moving into 2015, “we plan to continue expanding our marketing channels and will leverage our strength in co-branding to offer our personal loan product to members and customers of other well-known brands,” adds Sabrina Basht, General Manager of Partnerships at Marlette Funding. “The team here has extensive partnership experience working with leading companies in travel and entertainment, financial services, retail, membership services and non-profit.”
Companies wishing to expand their product offering to include personal loans can find more information at www.marlettefunding.com.
Over 15 million consumers in the US with good credit scores have more than $10,000 in credit card debt. Although these consumers manage to consistently pay their cards on time, it can take more than 25 years to pay down their debt making only minimum payments. Best Egg puts consumers on a path to pay down that debt in as little as three years. Customers can borrow as much as $35,000 with fixed interest rates that are lower than most credit cards starting at 5.99%.
Marlette Funding is partnering with Cross River Bank, Member FDIC, Equal Housing Lender, to grant Best Egg loans to consumers. Best Egg loan applications are processed online and approvals can take just minutes. Approved loan proceeds can be sent to the borrower's bank account the next day. In addition to reducing consumer debt, Best Egg loans can also be used for large purchases such as home remodeling, medical expenses, and travel.
ABOUT MARLETTE FUNDING, LLC
Marlette Funding, LLC, is a national personal loan marketplace based in Wilmington, DE. Marlette Funding was founded in August 2013 and launched its first innovative online installment loan product offering, Best Egg, in March 2014.
ABOUT CROSS RIVER BANK
Based in Teaneck, NJ, Cross River Bank is an independent community bank and specialist in peer-to-peer lending, offering a broad range of services, deposits and loan products to the general public.