Santander Consumer Finance (SCF) is launching a new online loan application platform with e-sign capability that can be integrated into a car dealer’s website.
The system is already being tested by a number of dealers, prior to a roll-out within the next month.
The new system is integrated into the dealer’s website and customers will be able to source a finance quote on the calculator before applying in Santander Consumer Finance’s secure online platform.
Stewart Grant, Santander Consumer Finance commercial director, said: “This is a significant step in our digital marketing strategy and underlines our commitment to supporting our dealer network in maximising sales and profitability within the growing digital market.
“It is a huge achievement for the teams involved at Santander Consumer Finance to be able to launch two Online Application systems in less than four months and within a year since the project was first planned.”
Installation takes minutes for dealers who already have the calculator and Santander Consumer Finance says it will support dealers to help them make the most effective use of the digital proposition.
Customers receive a real-time decision on their selected product and accepted customers can then choose to sign their documentation at home or at the dealership. The system is designed to provide a simple, fair and personal experience for car buyers.
It builds on the success of Santander Consumer Finance’s partnership with Volvo Car UK launched in April enabling customers to configure and order their car and sign a finance agreement online.