Younited, the consumer credit platform with a European banking license that has been established since 2008, and OneFor, have joined forces and established an exclusive partnership offering instant personal loans for private individuals. OneFor, established 2020, is an innovative consumer digital finance and money app offering a broad range of services, including borderless family accounts with multiple connected debit cards, powered by Mastercard International.
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The aim of this exclusive partnership is to leverage synergies in the business-to-business area building on the parties’ offerings. On the one hand, this is achieved by using the direct customer reach of OneFor and on the other hand, with the seamless customer journey to the Younited environment with the loan offers.
With this cooperation, OneFor is taking another step towards expanding its product portfolio with the aim to enable its customers to apply for an instant loan from Younited easily and transparently using the specially created digital application process. The Younited loan amount ranges from €1,000 up to 50,000€ with fixed interest rates and the repayment period of 6 to 84 months.
In the highly fragmented business-to-consumer environment, the exclusive partnership between Younited and Onefor offers consumers much easier access via OneFor app to Younited’s simple and transparent loans, including fast approval process and payment disbursement.
Michael Herrschlein, CEO of Younited Germany, explains: “Today more than ever the families are always focused on managing their financial requirements and sometimes faced with challenges. Be it the purchase or financing of a property, a car or necessary household appliances, through to the education of children at home and abroad. The current economic environment has made the situation even more challenging. This is precisely why we see the partnership with OneFor as an extremely useful addition.”
In addition, Ilir Aliu, Managing Director of OneFor, confirms: “As a fully digital financial service provider, OneFor is committed to offering its customers with value adding services that actually solve a problem and make their daily life easier. This launch of installment loan offering in cooperation with Younited is a great example of using technology and collaboration to offer true value add. In addition to the account and transfer services, our customers, initially in Germany, can apply for a personal loan of up to EUR 50,000 directly via the OneFor app and benefit from the fully digital application process and the fast loan decision.”