MB Financial Bank partners with Loanlook, Inc. to provide employees with student loan management platform

CHICAGO, Jan. 21, 2014 /PRNewswire/ -- MB Financial Bank, a regionally based financial institution, has agreed to terms with Loanlook, Inc. to provide student loan management platform services as an addition to MB Financial Bank's extensive benefits package.  The move further solidifies MB's dedication to providing their employees with world-class advantages.

Under the partnership, MB will provide all current employees and their families with access to loanlook.com, including mobile apps for both Apple and Android devices. Loanlook.com provides online, self-service management and control on one site for parents and students with federal and private student loans.

"Having MB recognized as a Chicago Tribune Top 100 Workplace for the third year in a row makes it an easy decision to add another great benefit for our employees," said Sue Griffith, Sr. Vice President and Director of Human Resources, MB Financial Bank. 

Loanlook also provides access to expert loan counselors via Web Chat and a toll-free number for additional assistance in navigating the often-confusing world of student loan repayment. This includes scenario planning, optimizing payments and selecting different affordable repayment plans like Income Based Repayment (IBR) or Pay-As-You-Earn (PAYE). Users can also give access to their parents to share loan information.

"We're thrilled to see that student loan repayment assistance is now being adopted by forward-looking companies such as MB as a component of their employee benefits packages," said Balaji Rajan, President and CEO, Ceannate Corp.

About MB Financial Bank

MB Financial Bank's holding company, MB Financial, Inc., is traded on the NASDAQ as "MBFI." MB Financial has approximately $10 billion in assets.  MB Financial Bank (www.mbfinancial.com) is a locally-operated financial institution that has been delivering competitive personalized service for over 100 years to businesses and individuals who live and work in the Chicago metropolitan area.

About Loanlook™

Loanlook is used by college and college-bound students, borrowers in repayment and parents with loan obligations to track, understand and manage their federal and private/alternative education loans from pre-enrollment into repayment. Based in Rolling Meadows, Illinois, Loanlook, Inc. is a subsidiary of CEANNATE Corp., a leading education finance organization employing over 700 employees with expertise that spans the entire student loan lifecycle. In addition to providing interactive, Web-based loan tools via its website and mobile apps, Loanlook, Inc. contracts with its affiliate, the i3 Group, LLC, to provide counseling services to student-borrowers via its LIVE CHAT feature and toll-free help line. Learn more at loanlook.com. Loanlook uses bank-level security and meets the most stringent of security and privacy safeguard requirements.

SOURCE Loanlook, Inc.