Credit Guarantee Business
The AIFUL Group runs a guarantee business with financial institutions in unsecured loans for individuals and small business loans for companies and small business operators. Its two brands for this business are the AIFUL and LIFECARD brands.
The AIFUL Group has established a business model in partnership with financial institutions in the guarantee business. This model helps to integrate the brand power and the level of familiarity each financial institution enjoys in its respective region, and combine these with the credit technologies that the Group possesses in the retail sector.
The credit guarantee business is one of the businesses AIFUL Group will focus on in the future due to the high levels of reliability, profitability, and growth potential since no financial expenses or direct advertisement costs are incurred as the Group guarantee loans for customers handled by financial institutions. AIFUL Group is striving to expand the credit guarantee tie - ups mainly in credit guarantee for small businesses by applying the know-how that it has developed over the years.
As of the end of December 2020, AIFUL Group has established partnerships with 142 financial institutions (100 banks for the individuals and 100 banks for companies and business operators) for the AIFUL brand, and 158(158 banks for the individuals and 39 banks for companies and business operators) for the LIFECARD brand.