Plend studies bank account data to create a personal portrait of how our customers earn and spend money. We categorise income, (salary, side hustles, transfers, benefits and pension drawdowns) spending, covering essentials such as rent, bills, groceries, childcare and petrol, as well as luxuries like outings, holidays, digital subscriptions, and emerging risks like crypto investments or buy-now, pay-later.

By examining earnings and spendings, we gain an up-to-date, thorough understanding of the amount our customers can borrow. Whether they’re young, new to the country, lacking an established credit history, or have faced challenges in repaying credit, we understand that their credit score may not always tell the whole story.

AFFORDABLE LOANS

Plend is personal, and so is our affordability assessment. Our customers won’t be judged based on which postcode they lived in or last year’s survey data, but on an up to date, accurate portrait of what they can really afford to borrow on the day they apply.

VERIFIED INCOME

Our digital assessment verifies exactly how much our customers earn, how long they’ve been employed, and any additional sources of income such as second jobs or that are missed by traditional credit-scoring assessments. 

BEST OF BOTH WORLDS

We still use traditional bureau data in our assessment process. Understanding our customers historic relationship with credit is still a powerful predictive factor. But we blend these traditional sources with more modern approaches to give our customers a loan offer that looks beyond their credit score.

SAFER LOANS

A loan isn’t right for everyone. If customers are over leveraged on buy-now, pay later products like Klarna, risky cryptocurrency investments, or excessive levels of gambling, Plend can steer them towards the right solution for their situation.

Our robust examination process ensures that we provide customers with the fairest offer possible. Plus, our rigorous, bank-level identity checks are among the strongest in the market, meaning that we not only verify our customer’s identity, but also pinpoint the destination of the loan transfer. This process makes for an unbeatable level of security – combating fraud and complying with anti-money laundering protocols.