Finance question
What is a private, non-bank business loan against property?
It is a property-secured business loan from a lender that is not a mainstream bank. Private and non-bank lenders are usually faster and more flexible on credit, ATO debt and unusual situations, which is why they often approve deals a bank declines. They still secure against your property and can price at single-digit rates.
Get your free rate quote
Tell us a few details and we will come back with your indicative rate. No obligation.
Thanks, we are on it
Your enquiry is in. Our team will be in touch shortly with your indicative rate and next steps.
The short answer
The lenders that say yes when banks don't
A private or non-bank lender does the same core job as a bank, lending against the equity in your property, but without a bank's single rigid policy. That flexibility is the whole point. They can look at credit history, ATO debt, short trading history or an unusual property with a more open mind, which is why they approve many deals a bank turns away.
They also tend to move faster. With less bureaucracy and a decision-maker closer to the deal, a non-bank lender can assess, value and settle quickly. Many of these deals proceed with no financials, judged on the property and the plan rather than years of tax returns.
The trade can be pricing that sits above a bank on the more complex deals, though property security still keeps many of these loans in single-digit territory. A broker's role is to know which private and non-bank lenders suit your situation, and to move you to cheaper finance later once you qualify for it.
When a non-bank fits
Where these lenders earn their place.
You need speed
A faster decision than a bank's queue can offer.
Credit or ATO issues
Defaults, arrears or tax debt a bank won't look past.
An unusual deal
A short trading history or a property a bank finds too complex.
Property to secure it
Residential or commercial equity to back the loan.
Why non-bank lenders approve more
No single policy
Without one rigid rulebook, they weigh the whole picture, not just the file.
Faster decisions
A decision-maker close to the deal moves quicker than a branch queue.
Secured, so still priced fairly
Property security keeps many of these loans in single-digit territory.
A real example
An owner with recent ATO arrears and a two-year trading history is declined by their bank. A non-bank lender, comfortable with the property securing the loan, assesses the deal on its merits, clears the arrears as part of the facility and settles quickly. Later, once the business qualifies, the plan is to refinance cheaper. Illustrative only.
Common questions
Frequently asked questions
Is a non-bank lender safe to borrow from?
Yes. These are established lenders operating under Australian rules; a broker matches you to reputable ones suited to your situation.
Why would I use a non-bank over a bank?
Usually for speed and flexibility, when credit history, ATO debt, a short trading history or an unusual property makes a bank say no.
Are the rates higher?
On complex deals they can sit above a bank, but property security keeps many non-bank loans in single-digit territory.
Can I move to a cheaper loan later?
Often, yes. Once you qualify for mainstream finance, we can refinance the non-bank loan to something cheaper.