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Personal Loan Education

24/11/2010

The household goods rental company Thorn Group is a beneficiary of the banks' reluctance to sell personal loans. Thorn yesterday reported 18 per cent growth in the loan book of its lending division, cashfirst. cashfirst, which operates online and lends up to $5000, is two years old.

In the six months to September the loan book grew to $6.5 million and customer numbers increased almost 20 per cent to 5000. The company said its core business, Radio Rentals and Rentlo, had a 6.3 per cent increase in customer numbers.

Source: Banking Day



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