The target consumer of this new product is, according to AMEX, «poorly served
by traditional banking products.»
Not exact matches
Such risk, moreover, is exacerbated
by the very fact that the
products tend to attract issuers that have substantial debt and have previously found it difficult to gain access to
traditional lending channels such as
bank loans.
While
traditional CDs are
by far the most popular type, some
banks offer their own twist on the usual
product.
Borrowing money through a short - term loan
product might cost you more than a
traditional bank loan, but when you factor in the speed, flexibility, and smaller funding sizes offered
by alternative lenders, working capital loans are often more attractive.
In addition to the
traditional practice of contacting the branch either telephonically or
by visiting a branch to avail of a home loan, ICICI
Bank has launched two new home loan
products, with a bid to expand their digital business arm.
(Although various studies suggest that poor Americans still make pretty rational decisions about the shoddy financial
products sold to them — they just aren't being well - served
by traditional banks because they're not profitable enough.)
«This
product will allow
bank and credit union agents to quote
traditional VantisTerm level term and the new VantisTerm ROPSM side
by side,» Simms continues.
Filing a void left
by most
traditional banks, SO - CAL Capital provides
products tailored to modern real estate investors.