GoBear launches Personal Loan comparison tool with #GoBearDreams campaign.
Singapore, 29 June 2016: According to a recent GoBear user survey, Singapore users typically face three challenges when considering a loan: the inability to compare similar products, unclear loan details, and overly complicated information. The survey reveals a growing need for easier online comparison for Personal Loans. Nearly 58% of the people surveyed said they are unaware of online comparison services and 62% would definitely try out an easy online platform to compare Personal Loans. In comparing Personal Loans, Singapore users typically consider these three important factors that would affect their final choice: interest rates, bank reputation and application process as.
As Asia’s only transparent and unbiased metasearch engine for financial products, GoBear has already attracted over 2 million users across Asia to compare insurance and banking products in just over a year. Expanding its suite of banking products to help users make better financial decisions, GoBear now adds the highly anticipated Personal Loans comparison service across its Asian markets.
In one simple personalised search, GoBear allows you to compare graphically at a glance, the repayment amounts for all the Personal Loans in Singapore. Every cost associated with the loan is precisely broken down into categories so you can immediately see the full amount you need to pay every month, including the monthly loan repayment, interest payments and servicing costs of each loan product.
GoBear gives users the widest options of Personal Loans from a total of 12 banks – more than any other comparison websites in Singapore.
“We are constantly striving to help our users by making comparison easier. We want our users to quickly compare insurance or banking products without the need to reveal private and sensitive information, making the right choice in the shortest time possible. Personal Loans are very much in demand across South East Asia. With the simplicity and transparency of GoBear’s metasearch engine, all Singapore banks onboard and a sleek user interface, choosing a Personal Loan is a quick and uncomplicated process,” said Andre Hesselink, CEO, GoBear.
GoBear currently offers more than 2,000 financial products for its users in Singapore, Thailand and Malaysia, with more than 95% of the Singapore market covered for its car, health, travel insurance, and credit card categories.
Personal Loans comparison is currently available in Singapore and Malaysia and will soon be launched in Thailand. Home and car loans comparison services for Singapore are expected by fall 2016. In the next phase of its Asian expansion, GoBear will launch in Philippines, Hong Kong and Vietnam in fall 2016.
To celebrate the launch of its Personal Loans comparison service, GoBear wants to encourage everyone’s pursuit of dreams through an inspiring #GoBearDreams campaign. Simply by sharing their wildest and most outrageous dreams on gobear.com.sg/dreams, GoBear will fund the winning dream with S$10,000.
GoBear is Asia’s first and only metasearch engine in insurance and banking products. It was founded based on the simple premise that a consumer should find freedom and ease when making financial decisions related to insurance, credit cards and loans. Headquartered in Singapore since early 2015, GoBear is also in Thailand and Malaysia. As one of the fastest growing fintech startups in Asia, GoBear is leading the way in democratising financial shopping experience with its unbiased and personalised comparison process. GoBear’s user-oriented platform neither aggregate nor sell products. GoBear simply offers consumers a free and transparent comparison process based on their financial needs, and not influenced by service providers’ advertising. The result is a user-friendly and informed experience that saves consumers both time and money.
For additional information about GoBear visit gobear.com.sg.