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With soaring interest rates and low consumer sentiment, we need new product development more than ever in private lending. Private lenders can only drive credit growth if they transform their approach to finance through new loan products and structures. By putting borrowers first and designing products that add value and make commercial sense, lenders can win new business and forge a new way forward in finance. My 5 Rs and 3 Ds of product development will give lenders the foundations for innovating loan options. Listen to this episode for our framework on product development in private lending.
By Ulrika LoboWith soaring interest rates and low consumer sentiment, we need new product development more than ever in private lending. Private lenders can only drive credit growth if they transform their approach to finance through new loan products and structures. By putting borrowers first and designing products that add value and make commercial sense, lenders can win new business and forge a new way forward in finance. My 5 Rs and 3 Ds of product development will give lenders the foundations for innovating loan options. Listen to this episode for our framework on product development in private lending.