OUR SERVICES
Non-Bank and Private Loans
If traditional bank financing seems out of reach, don't lose heart. Australia's diverse financial landscape includes private and non-bank lenders, offering viable pathways to securing both home and commercial loans. At Claremont Financial, we collaborate with a carefully selected network of these alternative lenders, ensuring that even those with unique circumstances have access to the funding they need. You might be pleasantly surprised by the competitive rates some of these lenders offer.
Understanding Non-Bank Lending Institutions
Non-bank lenders are financial entities that provide loan products without operating as deposit-taking institutions. They often specialize in serving individuals and businesses who may not meet the stringent criteria of mainstream banks. This can include self-employed individuals, new arrivals to Australia, those with past credit challenges, borrowers with smaller deposits, or those with intricate financial situations. We partner with reputable non-bank lenders known for their adaptable credit assessments, swift processing, and dedicated client support.
What Exactly is Private Lending?
Private lenders are individuals or organizations – such as experienced investors, family wealth managers, or investment funds – who provide loan capital outside of the traditional banking system. A significant advantage of working with a private lender for residential or commercial property is their potential for greater flexibility compared to mainstream banks. They are often more willing to consider non-standard borrower profiles and approve unconventional scenarios. While private lending typically involves higher interest rates, it can provide crucial access to finance when other avenues are closed.
Why Consider Private and Non-Bank Loan Options?
For borrowers who haven't been successful securing finance through traditional banks, exploring non-bank and private lending options can be a smart strategy. While interest rates from these alternative sources are generally higher, Claremont Financial can assist you in refinancing to a potentially lower-rate loan with a mainstream bank down the track, once your financial situation evolves and aligns with conventional lending policies.
