Consumers get the most competitive interest rates by asking financial providers to bid for their business
Getting the most competitive interest rate and finding the right financial provider becomes easier thanks to InterestPiggy.com, a new online interest rate marketplace that empowers consumers to find the best rates for their mortgages, savings, loans or GICs.
“With a steady rise in interest rates, consumers will be looking for the best deal to purchase a home, apply for loans, or even set up a savings account,” says Manny Kandola, founder and CEO of InterestPiggy.com. “This new platform saves consumers time and allows them to connect with multiple financial providers, so they’re left feeling confident that they’ve received the best possible rate available.”
There is no charge for consumers to sign up on InterestPiggy.com and input their requirements on the platform. Their posting is immediately delivered to a network of providers including banks, credit unions, alternative lenders and brokers who put forward competitive interest rates. Consumers also have the option of inviting their current financial provider to join the competition.
The identity and contact information of both consumers and providers is masked during the 48 to 72-hour timeframe, with information shared only after the competition closes and a match is made. With a competitive rate established, providers and consumers simply connect to finalize the deal.
For financial providers, InterestPiggy becomes a tactical sales tool that can widen their scope of new clients.
As an added feature, InterestPiggy has a two-way rating system that enables both consumers and providers to learn from their peers’ previous experiences.
InterestPiggy is a Toronto-based FinTech company dedicated to revolutionizing the process of shopping for financial products. Visit interestpiggy.com for more details.