Non-bank sees loan originations rise 17% qoq
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A non-bank lender has reported that its loan originations grew 17 per cent in the quarter ending 31 March 2021, up 17 per cent on the previous quarter and 151 per cent on the same period last year.
Personal lender Wisr has announced that it saw $97.8 million in loan originations for the quarter ending 31 March 2021 (Q3FY21), a 17 per cent increase on Q2FY21 and a 151 per cent increase on Q3FY20 (during peak COVID-19).
The lender, which provides unsecured loans of up to $63,000, noted that it has now recorded 19 consecutive quarters of growth, with its total loan originations now at $488.3 million.