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MDT LENDING SOLUTIONS

Expedited Loans

Expedited Loans is an MDT-built digital solution that presents eligible members with predetermined offers and guides them from offer review through acceptance and funding.

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A MORE DIRECT PATH TO FUNDING

From eligible offer to funding—simplified

Expedited Loans gives eligible members a simple, three-step path from a predetermined small-dollar loan offer to funds in their account—without completing a traditional loan application.

Whether preparing for the holidays, covering back-to-school costs or managing an unexpected expense, members can access the funds they need through the digital banking experience they already use.

By removing unnecessary steps, your credit union can simplify small-dollar lending, minimize incomplete applications and create a more direct path to funding.

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THREE STEPS. ONE CONNECTED EXPERIENCE.

Built to remove borrowing friction

When members need a small-dollar loan, a lengthy application can create unnecessary friction. Expedited Loans replaces the traditional process with a clear, three-step experience built around predetermined offers.

Your credit union can deliver payday loans, holiday loans, back-to-school loans, emergency loans and other small-dollar lending programs directly through digital banking. Eligible members can review their offer and move confidently from selection to funding.

The result is a simpler borrowing experience for members—and a more effective way for your credit union to keep qualified borrowers moving forward.

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MAKE BORROWING FEEL EFFORTLESS

Three simple steps from offer to funding

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Select a Pre-Approved Offer

Members review their pre-approved small-dollar loan options and select the offer that works best for them.

2

Choose Payment and Funding Preferences

Members choose how they will make payments, where funds will be deposited and their available first-payment date.

3

Review and Accept the Loan Agreement

Members review the loan terms, costs and required disclosures before accepting the agreement and completing the process.

 Simplify the next step for your members 

Give eligible members a three-step path to the funds they need while minimizing incomplete applications and strengthening your digital lending experience.

 Connect with our team to explore how Expedited Loans can support your credit union’s lending strategy.

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Small business owners using laptop in restaurant

FAQs

  • Members complete three primary actions: select an offer, choose their payment and funding preferences, and review and accept the loan agreement.

    Once complete, the loan proceeds are deposited into the member’s selected account.

  • Traditional applications often require members to complete multiple fields and move through a lengthy series of steps.

    Expedited Loans removes the traditional application for eligible members and presents a ready-to-select offer, creating a shorter and more intuitive path to completion. 

     

  • Your credit union can configure eligibility criteria and offer parameters to support its lending strategy.

    Depending on implementation, these may include loan amounts, rates, terms, fees, payment methods and other lending requirements. 

  • Expedited Loans is an MDT-developed product designed to extend the Banno Digital Platform and connect the digital member experience with workflows supported by the Symitar core.

    MDT provides guided implementation, testing and launch support to bring the experience into your credit union’s existing environment.