MoneyAisle Launches Live, On-Demand Auctions for Unsecured Personal Loans

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May 3, 2011
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MoneyAisle Launches Live, On-Demand Auctions for Unsecured Personal Loans

Consumers to Find New Online Resource for Financing for Boats and Recreational Vehicles

BURLINGTON, Mass., May 3, 2011 /PRNewswire/ -- MoneyAisle.com has launched the first online auction place for consumers to get competitive rates on unsecured personal loans and financing for boats and recreational vehicles.  MoneyAisle.com has helped consumers save money by using its reverse auctions to tap into a network of over 200 banks and credit unions to get the best rates for auto loans and refinancing, bank CDs and high-yield savings accounts.

MoneyAisle.com has now launched their proprietary reverse loan technology for unsecured personal loans. As with all of its products, MoneyAisle.com helps consumers across a wide range of credit scores. For consumers, unsecured personal loans are an important way to reduce debt and meet emergency expenses instead of relying on credit cards with their onerous interest rates, which can often be as high as 20 to 22 percent. With MoneyAisle.com, consumers can instantly find fixed rates for personal loans can be as low as 8.30%.

Consumers can also turn to MoneyAisle.com to deal with another frustrating experience: how to refinance their loans for boats and recreational vehicles with high-quality lenders. MoneyAisle.com is bringing its patented reverse auction technology to allow banks and credit unions to compete to offer the lowest interest rates on boat and recreational vehicles, taking away the burden of comparison shopping from buyers and shifting it to sellers.

Since 2008, MoneyAisle.com's reverse auction products offering certificates of deposit, high-yield savings account auctions and auto loans and refinancing have been run by consumers several million times. MoneyAisle.com can help consumers get great rates on unsecured personal loans, much like they can eliminate the markups at car dealerships and offer more competitive interest rates for savings.

MoneyAisle.com also offers the option for consumers to sign up for loan rate alerts for unsecured personal loans or for loans on boats and recreational vehicle. After running a live auto loan auction and deciding to decline, consumers can sign up for an alert on the results page and MoneyAisle.com notifies consumers when rates that match their desired bids are available.

"Now consumers can save money by taking out unsecured personal loans, offering an alternative to the high interest rates of credit cards," said Mukesh Chatter, CEO and President of MoneyAisle.com. "We are also pleased to offer new loan options for boat and recreational vehicle owners."

About MoneyAisle

MoneyAisle.com is the next-generation e-commerce auction marketplace offered by neoSaej Corp. that provides consumers with great rates on auto refinancing, auto loans, CDs and high-yield savings accounts, unsecured personal loans and loans for boats and recreational vehicles while helping banks and credit unions rapidly attract new customers. MoneyAisle.com's methodology is simple: banks and credit unions competitively bid for every customer in live auctions. neoSaej's patented technology creates a safe, transparent platform for consumers to secure great deals on financial services and products. Unlike other "seller-centric" online auction marketplaces, MoneyAisle.com empowers consumers by providing free, on-demand, "buyer-centric", live auctions.

About neoSaej, Corp.

neoSaej is a leading developer of online auction marketplaces focused on utilizing the advantages of the Web to empower consumers. MoneyAisle.com, neoSaej's first marketplace, provides consumers with great rates on auto refinancing, auto loans, boat and other recreational vehicle loans, unsecured personal loans, CDs and high-yield savings accounts.

Contact:
Kent Holland
202-629-3450
kholland@plesser.com

SOURCE  MoneyAisle

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