Bank Partners with Upstart for Auto Loans

By Staff Writer February 23, 2021

Midwest BankCentre, St. Louis’ premier community bank since 1906, has selected Upstart to expand its direct auto lending business with a digitally enabled auto refinancing service. Upstart is an artificial intelligence (AI) lending platform.

With Upstart, Midwest BankCentre will be able to deliver faster credit decisions and more accurately price auto refinance applicants entirely within its own website. For borrowers who fit within Midwest BankCentre’s credit policy, Upstart’s platform will provide individualized, risk-based pricing unique to the borrower and vehicle combination.

“With our ongoing commitment to serve our community, we want to expand to auto refinancing in order to help our customers save money,” said Dale Oberkfell, president, Midwest BankCentre. “To meet changing customer expectations, Upstart’s auto lending platform will enable customers to refinance their auto loan without stepping into a branch.”

Rate this item
(0 votes)
Last modified on Tuesday, 23 February 2021 14:12