October platform open for ABN AMRO loans

News article

Products and services

6 September 2021, 16:15 pm

As of 6 September, companies seeking funding on the October lending platform can also request a loan offer from ABN AMRO. While most of the loans provided through October are unsecured, ABN AMRO will be offering asset-backed loans via the platform, so borrowers have a choice.

October collects all the client data, structures it as a loan application, and sees to it that the client receives a loan offer within two days from both October and ABN AMRO. If this results in a loan contract between ABN AMRO and the entrepreneur, the money is transferred within ten days.

The kick-off date of the pilot is 6 September. After the trial period, ABN AMRO and October will evaluate the customer experience and their collaboration.