Banks and non-bank lenders
When it comes to borrowing funds for a property, business or vehicle, there are a number of lenders to choose from, making it more accessible for anyone to seek a lending solution specific to their needs.
Traditionally, banks have stricter criteria that applicants need to meet to qualify for a loan, whereas the non-bank lenders can often provide options for borrowers who are self-employed, or have previously been knocked back by the banks.
Ultimately, everyone’s financial circumstances are different and choosing between a bank or a non-bank lender will come down to your personal needs and unique financial situation.
If you have any questions on lending, please give us an obligation free call.