Ally Lending expands relationship with Milan Laser
Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc., announced the availability of patient financing options at all locations of Milan Laser Hair Removal, the largest laser hair removal company in the United States. Hair treatment and removal is a billion-dollar industry in the U.S.1 with no signs of slowing down.
Ally Lending and Milan Laser first launched their partnership in January with two store locations, quickly expanding to all 96 locations nationwide within nine months. With this milestone, Ally Lending continues to build on its team’s strong legacy in the consumer healthcare lending market, an expertise that was added through the acquisition of Health Credit Services LLC (HCS) in October 2019. In healthcare, Ally Lending’s financing solutions encompass cosmetic, dental, audiology, orthopedic, vision and fertility treatments, and provide patients with affordable digital lending options for sought-after and, often life-changing, care.
With the addition of lending options from Ally, Milan Laser’s patients can now pay for services over time, choosing the laser hair removal package that best fits their needs while protecting their cash flow and savings. Lending’s digital, consumer-friendly platform makes the borrowing experience quick and simple.
“There are so many health and wellness procedures that consumers avoid getting when they need them or put off altogether because of cost,” said Hans Zandhuis, head of Ally Lending. “Together with our partners at Milan Laser, we’re making it easier for people to access treatments in a more affordable way. Not only is the process fully digital, but also borrowers can get pre-qualified with zero impact to their credit.”