Quilo is an all digital, unsecured personal installment loan to make a purchase online or in store, pay down credit card balances or replenish a checking account for recent debit card purchases.
Quilo is a FinTech platform that empowers community banks and credit unions to originate and service installment loans with instant access to funds.
As a community FI, take advantage of the lowest Cost of Funds and generate high-yield ROA while offering a competitively lower rate than FinTech lenders and major credit card issuers.
With Quilo everyone wins – community FIs, their customers and members.
Personal installment loans have been the fastest growing lending segment in the country. Since 2018, the all digital, installment loan segment has been growing at 44% among Millennials and Gen Z.
These digitally native generations became used to ubiquitous banking convenience and demand transparency and fairness.
Attract new business to your financial institution by offering small businesses a way to boost sales by 31% offering instant financing to their customers. This helps you acquire new consumer borrowers that bank with your competitors. Best of all, you now have the opportunity to cross sell to new business and consumer relationships.
Because Quilo is a plug-and-play platform that provides AI-driven loan underwriting, origination and servicing, marketing campaign management, compliance, reporting, operational and tech support. All in one, core-independent solution.
YES! You and your account holders have 24/7 access to get help and tech support
Quilo provides all required individual loan level and portfolio level reporting to support your compliance requirements.
YES! Loan Docs, Disclosures, Terms & Conditions for Federal & State Regulations
YES! 24/7 Access to Anything You Need Regarding Performance of Portfolio for Call Reports or Individual Loans
Quilo comes with a turn-key, fully managed multi-channel promotion and marketing campaign with co-branded creative for micro-site, direct mail, in-branch, drive-thru and teller material, outdoor billboards, email, text messaging and social media
Strunk has partnered with Quilo to provide clients with a state-of-the-art software as a service platform to empower community financial institutions to offer their customers and members installment loans instantly. Strunk has over 35 years of consistent success helping clients maximize the value of core consumer relationships. We are confident Quilo will drive significant growth and profitability for your institution.