of America and the predecessor to Principal Financial Group Inc. Life insurers such as Transamerica Corp., American General Corp., Prudential Insurance Co. ![]() What might appear to casual industry observers as an unusual marriage from an operational standpoint makes perfect sense in a financial context in the current environment. It also will benefit from Apollo's management expertise in the specialty finance arena. Those benefits may be individually incremental but collectively meaningful.įor Athene, which has already attained access to a diverse array of origination capabilities in large measure due to its relationship with Apollo Global Management Inc., the addition of Aqua Finance promises not only an additional supply of high-quality investable assets but also greater diversification by underlying borrower types. The TakeĪccess to direct origination platforms confers a competitive advantage to insurance companies during a time in which attractive new money investment yields remain difficult to find. Now, as most recently demonstrated by Athene Holding Ltd.'s proposed acquisition of a majority stake in home improvement lender Aqua Finance Inc., investment synergies are at the root of a new sort of convergence. This can be processed within 48 hours of receipt.The potential for sales-related synergies contributed to parent-subsidiary relationships between select life insurers and consumer finance companies decades ago. If you are a recreation dealer, the funding takes place when the original contacts are received and approved. The funding gets transferred through daily ACH direct deposits to your bank account. The company generally provides approvals for most of the credit profiles and automated credit decisions in 60 seconds. Revolving lines of credit allow you to make lower monthly payments through add-on sales. ![]() Installment contacts which come with fixed payments and established repayment terms The financing programs comprise two greater groups: To get to know the loan details, like loan amount, loan term, and interest rate, you will need to apply and receive a disclosure from a particular dealer. The loan terms are not stated beforehand. Recreation financing for motorhomes, trailers, boats, and personal watercraft. Home improvement helps to renovate your house. Both borrowers and dealers apply for the Aqua Finance services and get matched. The company works with dealers to provide financing to its borrowers. The terms and requirements are not disclosed, so you will need to pre-qualify with a particular lender to find out the loan details. Instead, you will have to find a suitable partner-lender yourself. The company gathers dealers and contractors offering home improvement loans, water treatment financing, marine and RV loans, and car loans. You can manage your loan online through the website or mobile application. Pros and cons ProsĪqua Finance services across all 50 states. Nowadays, it has over 350,000 active customers, and the total portfolio exceeds $2.8B. The lender focuses its services on water treatment, home improvements, pool and spa, HVAC financing, installment sale financing, and recreation niches, including marine and RV loans.Īqua Finance expanded its services to all 50 states in 2013. For more than 35 years, the company has been providing consumer financing solutions in the US. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |