There are more options available to people to borrow money these days. Finance And Property Specialists (FPS) can arrange private loans and lines of credit from non-bank lenders.
Non-bank lenders are legitimate lenders who operate in the same competitive lending environment to the advantage of borrowers. Non–bank lenders are perfectly trustworthy loan providers who offer borrowers a legal alternative to traditional bank and credit union lending in Australia’s banking and finance market.
What benefits do non-bank lender offer?
Private lenders offer very competitive and comparable lending options and they can do this because they are generally smaller and more agile businesses. Some of these benefits include:
- Very competitive rates
- Cheaper option
- Fast application
- No deposit
- No early repayment penalties
- Low set up and ongoing costs and fees
- Flexible repayments set to the borrowers requirements
- Loan products to suit individual circumstances.
Loans with private lenders can set up within 24 to 72 hours. Most commonly (but not always) these types of loans are asset based, providing the borrower meets all documentation requirements, loan prerequisites and the ability service the repayment requirements at the time of their loan application.
Our private lenders are dedicated to providing simple, affordable, competitive financial products to market, to meet any borrowing circumstance. Some of these loan products include:
- Home Loans
- Car Loans
- Equipment Finance
- Investment Fund
- Term Deposits
- Caveat loans (fast turnover cash loan)
- Short term loans
- Bridging finance
- Land Bank Funding
Why get a private loan
The non-bank sector, can operate free from some of the restraints, and macro-prudential policies which are imposed onto the big banks and credit unions by the Australian Prudential Regulation Authority. With equally competitive rates and flexibility of loans and repayment options a private loan could be the right loan for you.
FPS brokers have helped many people and businesses across Australia move towards their goals and access to top quality non-bank lenders. Come and speak to us about your private lending options. We can offer you the peace of mind you are getting professional in depth and detailed advice about your lending options that you deserve.