Many consumers want additional banking options. With massive national banks facing various ethical questions, more consumers are utilizing online banking options. GreenSky is a small bank that is based entirely online. The company started offering services in Atlanta in 2006. Since that time, the company has expanded into an important online bank that serves customers around the world.
The current CEO of GreenSky helped start the company. He was tired of dealing with national banks that did not prioritize customer service. The GreenSky credit program is used by thousands of customers each year. Not only does it have excellent lending products, but the GreenSky credit program offers a fast application process.
The most popular lending product at GreenSky is a home mortgage. With the strong housing market, many people want to purchase a home. When working with a typical bank, the mortgage application process can be arduous. The GreenSky credit program allows borrowers to receive approval within minutes of applying.
GreenSky offers numerous mortgage options to meet the needs of all borrowers. People with a high credit score have much more lending options. Although the bank provides variable rate loans, the company recommends that borrowers utilize fixed-rate mortgages. As interest rates rise, variable rate mortgages will become more expensive.
Another popular lending option through the GreenSky credit program is a car loan. Few people can save up the cash to purchase a vehicle. For borrowers with an excellent credit history, GreenSky offers car loans with no interest payments. This is a proven way for borrowers to save money.
The CEO of GreenSky is excited about the future. He has multiple expansion plans for the coming years. The company is currently investing in better infrastructure to support additional lending products. The company also added various customer service positions to deal with new customers.