What is Non-Bank Finance?
In the realm of property financing, non-bank property finance offers an alternative to traditional banking, providing greater flexibility and bespoke solutions for borrowers.
Non-bank property finance includes loans and financial services related to property that are provided by institutions other than traditional banks.
These lenders operate outside the conventional banking system and can often deliver more specialised and adaptable lending options to meet the unique needs of their clients.
When to consider Non-Bank Property Finance?
Specalised Projects
For properties or projects with distinctive features, non-bank lenders can provide the expert knowledge and customised financial solutions required.
Rapid Funding
Facing a time crunch? Non-bank lenders often offer quicker approval processes, ensuring you obtain funds promptly.
Diverse Financial Situations
If you have a non-traditional income or credit background, non-bank lenders might be more receptive to your financial profile.
Flexible Terms
When traditional bank terms don't meet your needs, non-bank lenders can offer the flexibility and personalised terms you seek.
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In contrast to traditional banks, which often provide standardised loan products, non-bank lenders typically offer bespoke solutions. This ensures that the financing is tailored to meet the specific needs of a project or borrower.
In contrast to traditional banks, which often provide standardised loan products, non-bank lenders typically offer bespoke solutions. This ensures that the financing is tailored to meet the specific needs of a project or borrower.
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Without the usual administrative hurdles and formalities of traditional banks, non-bank lenders can usually make decisions and release funds more rapidly, which is essential in the fast-moving property market.
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Non-bank lenders frequently offer greater flexibility regarding loan terms, repayment options, and eligibility criteria. This adaptability makes it easier for borrowers to obtain financing that suits their specific circumstances.
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Individuals who do not fit the conventional borrower profile, such as those with unique income streams or unconventional property types, may find it easier to secure loans from non-bank institutions.
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Although non-bank lenders operate independently of the Reserve Bank's official cash rate, they still provide competitive interest rates, often paired with more flexible terms.