Before when you needed finance, you went to the bank for a loan largely due to it being the most popular and recognised option available to you. Nowadays, while traditional banks are under more strict scrutiny by government authorities, like Australian Prudential Regulation Authority (APRA), non-bank lenders offer alternative finance options, which have created a competitive environment to the advantage of borrowers.
With lending requirements becoming more difficult to satisfy, Banks are sometimes turning consumers down even when they actually have ideal repayment capacity. Therefore, it is time that presents a great opportunity for non-bank lenders to fill the gap, leading to non-bank lending market share growing rapidly. We could foresee strong demand for the nonbank lending market as tighter controls are being placed on the major banks and brokers’ practices in the future.
We understand timing is very important to our clients. For a traditional lender, it may take months to approve finance through. We can have loan terms issued to our clients within a week of submission and settlement readied within 2-3 weeks. Then our clients will not miss any good properties.
We find many clients struggle to meet all conditions and requirements imposed by the banks. However, resorting to nonbank lenders, we are always able to provide more flexibility with ease when structuring loans or mortgages so as to satisfy client needs.
We are currently offering the following lending solutions:
- Construction and Development
We are always ready to help, feel free to contact us to discuss your lending needs in detail with our specialists. Download the brochure below to find out more about AP Lending.