Record month of sales for MTF Finance

MTF Finance had a record month for new loans, contrasting with an economic environment that made access to credit more difficult. MTF Finance believes that it is in difficult times that its unique owner/operator model proves that community loans enable New Zealanders to access the credit they need.

CEO Chris Lamers said, “August was our strongest sales month on a comparable basis, and our receivables now stand at $748.5 million, up 3% over the three last months. This sales growth is driven by our unique community-based model, renewed focus on the auto dealership market and key digital partnerships.

“Our franchises are owned and operated by people who live in the same community as the people they lend to. As a result, we build strong relationships with our clients, which means we help them grow through good and bad economic times. Like some in the industry, we’re not just there for them when things are going well.

“Our customer loyalty is strong, and with a net promoter score of over 80+, our customer satisfaction scores are among the highest in the world for financial companies. »

In August, MTF Finance underwrote 12% more loans in value than the previous month (one-year comparisons are skewed given the 2021 lockdowns). Sales were boosted by the launch of its personal loan product and significant growth in the car dealership market, where sales were up 25% month-on-month.

“The car dealership market is extremely important to us. As we see a slowdown in sales across the industry, we are partnering with dealers to help New Zealanders buy the vehicle they want and need. »

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