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Website offers new loan options

MoneyAisle.com launched an online auction place for consumers to get competitive rates on unsecured personal loans and financing for boats and recreational vehicles.

MoneyAisle.com uses its reverse auctions to tap into more than 200 banks and credit unions to get the best rates for auto loans and refinancing, bank CDs and high-yield savings accounts, the company said.

It has now launched its proprietary reverse loan technology for unsecured personal loans.

Consumers can also turn to MoneyAisle.com to refinance loans for boats and recreational vehicles.

"Now consumers can save money by taking out unsecured personal loans, offering an alternative to the high interest rates of credit cards," president and CEO Mukesh Chatter said in a statement. "We are also pleased to offer new loan options for boat and recreational vehicle owners."

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