Tuesday, May 22, 2007

Getting a loan with an ethical twist

Now this is a different kind of company. A company that holds itself to a higher standard is refreshing. If you're looking for a personal loan, they offer rates as low as 6.9% with repayment terms from 1-6 years. Of course there is no pre-payment penalty for paying the loan off early.

But here's the twist. The company will turn away business that conflicts with their ethical policy. What? Turn down money? To stick to their beliefs. That is an awesome idea. This is the type of company that I would love to do business with.

When they first started, over 80% of their customers approved of their mandate. By 2001 it was a 97% approval rate. They also have a policy in place to review their mandate at least every 3 years.

A company with a conscience. Who knew they still existed?

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