NatWest is to provide small business customers with instant, comparable lending quotes from the bank via a new iPad lending app.
The new app, which needs just a few customer details says the bank, allows Relationship Managers to give instant indicative borrowing costs in around 30 seconds. It lays out and compares different borrowing options side by side.
Marcelino Castrillo, managing director of business banking at NatWest, says: “The app provides convenience and flexibility for customers. It speeds up a process we thought was too slow, while giving our people more time to spend helping customers. We challenged a team of experts to come up with something quick and accurate that could be used anywhere, at any time, and this app is the result."
He says the bank has also abolished set up and early repayment fees on loans up to £500,000.
“We hope this will encourage more customers to consider business growth opportunities, with the peace of mind of a fixed rate and the flexibility to repay any time at no cost.”