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Lombard launches instant agreement asset funding tool

Date: 28 October 2019   |   Author: Sean Keywood

A new digital service that allows businesses to get instant agreement to fund assets including cars has been launched by Lombard, the asset finance division of Natwest.

The new function, available through Lombard's website, allows customers to create a personalised quote across any one of 40 asset classes, up to a maximum of £250,000, with an instant decision at the end of the application process.

Lombard claims the feature is thought to be the first of its kind, in providing a personalised quote and instant credit decision across such an extensive range of assets, rather than just an indicative quote.

Lombard head of asset finance, product and propositions Craig Leyland said: "Our customers now have the ability to originate, fulfil and manage their asset finance requirements through the channel of their choice, and feedback continues to be positive.

"This is a great example of how we are accelerating our digital agenda to make it easier for our customers do business with us in a safe and secure way."