Salt&Lime Appoints Former CoreLogic, Plenti & ING Executive for Key Position

New Lender Salt&Lime has appointed Mark Woolnough as the leader of its broker and distribution strategy, demonstrating the company's dedication to the broker space. With over three decades of experience in sales strategy and leadership, Woolnough previously held the position of executive head of sales at CoreLogic in Australia and chief sales officer at Plenti.

Salt&Lime, established in 2021 by Will Kiln, a former colleague of Woolnough's at ING, expressed enthusiasm about the appointment. Kiln praised Woolnough's extensive expertise and successful track record in developing innovative broker distribution strategies encompassing residential mortgages and consumer lending, including asset finance, which aligns seamlessly with their vision.

The company emphasised that Woolnough's drive for growth and commitment to community service align with their goal of providing socially responsible lending products to Australians. Kiln highlighted the significance of Woolnough's contribution in furthering Salt&Lime's support for the broker industry and their vision of assisting all Australians in achieving financial success and wellbeing. As the company continues to deliver ethical and transparent, socially responsible lending solutions through brokers partners, Woolnough's involvement will play a crucial role.

So, who are Salt&Lime? Offering completely transparent secured personal loans and car loans at competitive rates, with none of the unnecessary fees that are so prevalent in the market, Salt&Lime focus on something no other lender in Australia does; incentivising customers to improve their financial wellbeing through education. Unlike traditional lenders, Salt&Lime goes beyond the transactional aspect of loans and actively encourages borrowers to improve their financial knowledge and habits. They are revolutionising the way consumers, mostly in the sub-prime segment, approach financial literacy and responsibility through their innovative approach.

One of the key ways they achieve this is through their unique education modules. Over the course of a loan, Salt&Lime sends borrowers 12 modules to complete, with each module becoming available approximately every three months. By actively engaging with these modules, customers can unlock interest rate discounts that can accumulate to an impressive 3.50% off their loan. This incentive-based approach not only motivates borrowers to participate but also rewards them for their commitment to financial education.

The modules are carefully designed to take customers on a transformative journey towards financial wellbeing. They cover a wide range of topics, starting from understanding the loan details and credit scores, and gradually progressing to more advanced concepts such as savings strategies and ongoing financial management. By providing comprehensive and accessible content, Salt&Lime empowers borrowers to make informed decisions, overcome debt, and fast-track their journey to financial stability. In addition to the interest rate discounts achieved through the completion of the education modules, a further discount of 2% is available to borrowers who set up salary credit for their loan repayment.

The goal of Salt&Lime's module system is to support individuals in paying down their debt quickly and fostering financial independence. By equipping Australians with the necessary knowledge and tools to break free from the cycle of debt, Salt&Lime aims to create a society where individuals are empowered to take control of their finances and build a secure future.

This approach sets Salt&Lime apart from traditional lenders, as they recognise that their responsibility goes beyond the provision of loans. They acti