LoanTube has launched a new artificial intelligence (AI)-driven loan application service inside ChatGPT.
The aim is to make borrowing easier for those put off by long forms and unclear language.
Users can now check real loan offers by chatting with the LoanTube GPT App within ChatGPT.
The service gives personalised loan offers in real time from FCA regulated lenders.
Borrowers have already been funded through the channel, and the feature is also available on the LoanTube website.
Unlike the usual static forms, the AI adapts to each user, helping them explain what they need, clarifying financial terms, and picking up on mistakes.
It then provides clear options which are easy to compare.
Gurprit Singh Gujral (pictured), founder and CEO at LoanTube, said: “This technology is designed for the people who need clarity the most.
“A significant share of the population feels overwhelmed by credit applications and avoids them entirely.
“A natural conversational flow removes that friction and gives people room to ask questions they might not feel comfortable asking elsewhere. What matters is guidance, not pressure.”
Aymeric Monod-Gayraud, co-founder at LoanTube, said: “The shift towards conversational interfaces will redefine consumer finance.
“This is the first step, but it is a meaningful one.
“Real rates, real guidance and a format that meets people where they are. Technology should widen access, not complicate it.”
