Multi-award-winning, AI-native fintech provider and asset finance brokerage LoanOptions.ai has announced an expansion of its corporate product suite with the official launch of its new Novated Leasing division.
This new launch means LoanOptions.ai can now help small and medium businesses in Australia offer novated leasing to their workers. This is a free way for companies to give their staff a great perk: helping them get a new car and pay less tax, which takes some stress off the cost of living.
To lead the new business unit, LoanOptions.ai has appointed highly respected industry veteran Elizabeth Carrasco as Head of Novated Leasing. Carrasco brings over 16 years of combined novated leasing, salary packaging, deep consumer lending, channel sales leadership, and corporate client portfolio management experience to the team.
In her new role, Carrasco will spearhead the integration of novated leasing into the existing LoanOptions.ai B2B ecosystem. This will allow the company’s network of over 2,000 mortgage brokers, aggregators, and corporate partners to effortlessly refer novated leasing scenarios under a seamless, white-glove fulfillment model.
By combining Carrasco’s extensive channel sales expertise with LoanOptions.ai’s proprietary, ISO27001-certified lending technology AILO, powered by its Auto-complete Contextual Engine (ACE), the company aims to eliminate the clunky paperwork and slow turnaround times that have traditionally plagued the asset and salary packaging sectors.
Through the platform, employees of partner businesses can securely upload documents and receive transparent, real-time vehicle finance options across a panel of 90+ lenders in under five minutes, with zero impact on their credit score.
Julian Fayad, Founder and CEO of LoanOptions.ai, said, “We are incredibly excited to welcome Elizabeth to the team to head up this vital new arm of our business. Novated leasing has historically been dominated by large providers servicing massive corporations, leaving small-to-medium business owners and their employees locked out of these significant tax savings. With inflation and the cost of living putting pressure on household budgets, giving SMEs a tool to help their staff save thousands on their next car is a massive win. Elizabeth’s unmatched experience, paired with our advanced AI infrastructure, ensures we can deliver a faster, more transparent salary packaging experience than anything currently on the market.”
Elizabeth Carrasco, Head of Novated Leasing at LoanOptions.ai, added, “Joining LoanOptions.ai at this stage of their growth is a phenomenal opportunity. My focus throughout my career has always been on delivering tailored finance solutions and building high-performance channels, and LoanOptions.ai has built the ultimate digital playground to do exactly that at scale. By removing the traditional administrative friction, we are making novated leasing accessible, straightforward, and highly rewarding for Australian employers and their staff alike.”