CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ -- Ally Lending, the
personal lending arm of Ally Bank, a
subsidiary of Ally Financial Inc. (NYSE: ALLY), today 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. Ally 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."
Milan Laser provides a safe and effective way to remove unwanted
body hair, permanently. All of Milan Laser's clinics run
efficiently with three to five employees, including a Candela
Authorized Practitioner who is overseen by a board-certified
physician.
"At Milan, we're always evaluating the best partnerships to make
laser hair removal affordable for as many people as possible, while
offering world-class service. Ally delivers on both," said
Colleen Papek, chief operating
officer at Milan Laser Hair Removal. "Ally Lending's partnership
has truly exceeded our expectations, from their hands-on training
of our Milan field team and
analysis of data to maximize the financing options we provide our
clients, to their knowledgeable and responsive customer
service."
In addition to financing options in the health and wellness
sector, Ally Lending also offers personal loans for home
improvement needs, auto maintenance and servicing, and installment
payment options for retail purchases. To learn more, visit
allylending.com.
1IBISWorld, "Hair Loss Treatment & Removal in the
US industry trends (2015-2020)."
About Ally Financial Inc.
Ally Financial Inc. (NYSE:
ALLY) is a leading digital financial-services company with
$185.3 billion in assets as of
September 30, 2020. As a
customer-centric company with passionate customer service and
innovative financial solutions, we are relentlessly focused on
"Doing it Right" and being a trusted financial-services provider to
our consumer, commercial, and corporate customers. We are one of
the largest full-service automotive-finance operations in the
country and offer a wide range of financial services and insurance
products to automotive dealerships and consumers. Our award-winning
online bank (Ally Bank, Member FDIC
and Equal Housing Lender) offers mortgage lending, personal
lending, and a variety of deposit and other banking products,
including savings, money-market, and checking accounts,
certificates of deposit (CDs), and individual retirement accounts
(IRAs). Additionally, we offer securities-brokerage and
investment-advisory services through Ally Invest. Our robust
corporate finance business offers capital for equity sponsors and
middle-market companies. For more information and disclosures about
Ally, visit https://www.ally.com/#disclosures.
For more information and disclosures about Ally,
visit https://www.ally.com/#disclosures.
For further images and news on Ally, please
visit http://media.ally.com.
About Milan Laser
Milan Laser was founded in 2012
by two board-certified medical doctors with a vision of offering a
permanent solution to their client's unwanted body hair. Milan
Laser is now the largest laser hair removal company in the country
with 96 locations nationwide and growing. The experts at Milan
Laser have the industries only true Unlimited Package™ offering
unlimited laser hair removal sessions to every client. Each medical
provider at Milan Laser is certified by Candela, guaranteeing safe
and effective laser treatments for all skin tones. Milan Laser
is the leading laser hair removal provider in the country because
it's their specialty, it's all they do.
For more information about Milan Laser Hair Removal's nationwide
locations visit https://milanlaser.com/contact/index.html
For images, media and press requests for Milan Laser Hair
Removal visit www.milanlaser.com/press.
Contact:
Justin Nicolette
Ally Public Relations
justin.nicolette@ally.com
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SOURCE Ally Financial