Customers can borrow between £25,000 and £1 million at competitive rates, up to an 80% loan to value ratio
Scroll Finance, a next generation fintech providing smart financing solutions to homeowners, has launched its home equity loan and home equity line of credit (HELOC) products, powered by Mambu’s cloud banking platform.
Scroll enables UK homeowners to unlock equity in their homes for use cases including home improvement, ‘green’ upgrades, buying a holiday home, debt consolidation and deposit for property purchases.
Customers can borrow between £25,000 and £1 million at competitive rates, up to an 80% loan to value ratio, and Scroll has already completed its first loan.
Ashish Kashyap, CEO and co-founder of Scroll Finance, said: We want to be in charge of building a great lending experience for our customers and a key component of that is having full control over the entire life cycle of a loan, from initial enquiry to pay out to servicing and collections.
Coupled to this desire of control, is a requirement to develop in a fast, flexible way to adapt to our unique take on global home financing solutions. This is exactly what Mambu offers, he said.
Richard Morgans, General Manager of Mambu UK and Ireland, commented: Working with Scroll Finance is a testament to the flexibility and capabilities of our cloud banking platform. From scratch, and in just 10 months, the Scroll team designed, built, and launched not only a proprietary origination platform but also a suite of new-to-the-UK product features in addition to their HELOC product.
He said: The result is an innovative offering that will empower homeowners to quickly and easily access the equity that they have built up in their home. We are looking forward to continuing our partnership with Scroll to scale and expand their products and services.
