Catch Group is expanding its online offering launching an online personal loan product with Now Finance named Catch Personal Loans.
The online retailer claims it is “taking aim at the big banks” through the introduction of this new financial product helping customers get the “best possible finance deal to fund their everyday lives”.
This is the company’s first financial product.
Catch said it’s personal loans feature competitive individualised interest rates based on Now Finance leading personal loan product, as well as up to $750 Catch Back to shop on Catch.com.au – and a free annual Club Catch membership valued at $69.
The company said it recognises many Australians are looking for suitable finance to purchase products for their homes or themselves. Whether that be a new car for the family, a special holiday, home improvements, or other items to improve their lives.
Nati Harpaz, CEO of Catch Group said, “Catch is a trusted brand that always gives our millions of customers the best deal on the products they love, and we are leveraging this strength to help Australian’s fund some of life’s purchases through Catch Personal Loans, with some added Catch benefits to ensure they are getting a market-leading deal.”
Richard Blumberg, CEO at Now Finance said key factors in partnering with Catch for a financial product were its large engaged customer base and strong reputation for “successfully taking on new digital sectors”.
He said, “Partnering with Catch is a logical next step as we look to take our popular finance products to a broader audience. Catch is well known for market-leading deals as is Now Finance; this partnership is a great result for all Australians looking for a better deal on personal loans.”
The online giant offers a mobile and data plan as well as a live streaming game show where viewers answer questions to win prizes and get discounts on various products.
Last month, Catch Group bought a new 22,000 sqm warehouse west of Melbourne and appointed a new chairman.