The bank said it will use machine learning to tailor loans to individual customers.
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The Co-operative Bank has launched a loans service, which it says will use machine learning to tailor loans to individual customers.
The bank has teamed up with Freedom Finance, the personal loan broker, on the service.
The Co-op said through machine learning and its technology, customers will be able to carry out a search of unsecured personal loan options which will not negatively impact their credit rating.
The Co-op said it has tailored a panel of lenders, which excludes payday lenders.
Loans will be available form £1,000 to £25,000 over a period of one to seven years, with interest rates ranging from 3.1 percent APR to 39.9 APR.
The bank said applicants will be able to receive funds on the same day as they apply for loans.