Orange Bank is expanding its range of personal loans. The Prêt Express (express loan) focuses on a quality customer experience and integrates the latest technological innovations and also allows the bank to expand its business to new customers. After raising nearly €1 billion in funding in 2021, Orange Bank intends to confirm its growth momentum in consumer credit.
The Prêt Express is accessible to a wide audience, both Orange Bank customers and non-customers, and the latter do not need to open an Orange Bank account to take out the Prêt Express.
The result of a technological partnership with Younited, a Next-40 fintech, Prêt Express enables customers to take advantage of the easy and frictionless communication that open banking technology offers. With just three clicks, they can securely sync their bank details from another bank. And the benefits are many: faster application processing, minimal supporting documents required, greater chance of the application being approved. This secure sharing means they immediately receive a personalized response, with counter-proposals where appropriate, appropriate to their situation.
For customers and the bank, Prêt Express is part of a responsible relationship based on good risk control for both parties.
Speed is the essence of the customer experience. The entire subscription process can be done through the Orange Bank App. This is also possible via the website. Getting there has been made as easy as possible. If the customer has opted for account merging, it only takes an average of five minutes before he has signed the contract electronically. Taking out credit insurance is also simplified and improved.
For customers, this guarantees a smooth and fast journey, with no paperwork, no waiting for the post, all from the comfort of their phone, tablet or computer. Featuring a user-recommended trusted player: Orange Bank was voted Best Banking App 2022 by Moneyvox1 and its service is rated excellent on Trustpilot.
Loans from €1,000 to €75,000 are available to fund a variety of projects:
- Car: Buying a car or motorcycle (new or used), an RV, an electric or hybrid vehicle.
- DIY: Financing of decoration, home renovation, etc.
- Life events: vacation, study, wedding, etc.
In order to have the best chance of success and to optimize the recording of your dossier, you can borrow it alone or with another person. The co-borrower can also take out credit insurance. The customer can then use the app to track their repayments month after month, download their financing plan and manage the loan themselves: change the debit date, increase the monthly installment, temporarily suspend installment payments.
The Prêt Express has an attractive introductory interest2 Rate of 2.99% Fixed APR3up to 48 months for loans over €6,000.
“The integration of the latest technological solutions will allow us to offer our customers tangible benefits: loans accessible to the largest possible number, high approval rates, optimized and faster trips… In addition, the bank’s advisers and experts are now new have tools at our disposal to better respond to the needs of our customers,” adds Stéphane Vallois, deputy CEO of Orange Bank.