The Kasasa Loan is the only auto and personal loan that gives borrowers the flexibility and control of Take-Backs — where consumers can pay ahead to reduce debt, and still access those extra funds if they need them. It also offers the transparency they crave through an award-winning dashboard that allows them to better understand and manage their debt in real time.
12017 Consumer study
in total loan balances
MORE LOANS PER BORROWER
when compared to traditional loans.
HIGHER AVERAGE BALANCE
NET PROMOTER SCORE
compared to the industry average NPS of 18.
22017 Consumer study 3Kasasa Analytics 2021
The Kasasa Loan is a fixed-rate, fixed-term loan with an agreed-upon payment schedule. The consumer gets their initial disbursement and makes regular payments until the balance is paid in full.
With its mobile-friendly dashboard and app, borrowers have more transparency and control over their loan. They can manage their loan, make payments, and withdraw from their Take-Back balance in just seconds (and see the impact of these changes before they make them!). Withdrawals deposit into the borrower’s checking account and the loan balance adjusts accordingly — but never exceeds the original amortization schedule.
The flexibility to get those extra funds if needed means borrowers no longer have to choose between saving for unexpected expenses and doing the financially responsible thing by paying down their loan quicker.
Kasasa does not underwrite any loans – you’ll continue to follow your current underwriting and decisioning practices. The Kasasa Loan system interfaces with your existing loan origination system allowing you to continue your current day-to-day operations.
The Kasasa Loan is built to be compliant with all relevant lending acts and regulations. All information related to loan documentation, transactions, and amortization schedules is transparent for institutions and borrowers.
You’ll still manage your underwriting decisions and risks that fit your tolerance. We’ve even integrated with several consumer loan origination systems such as MeridianLink, Jack Henry Symitar, Wolters Kluwer, LaserPro, and more.
Yes. Kasasa partners with a variety of merchants in different industries to offer the Kasasa Loan as a financing option for major purchases. Learn more about the Kasasa Networking Financing Program.