You might choose private funding because you are unable to get finance from a major bank or because you need a quick, stress-free option.
While high street banks are the biggest secured lenders in Australia, there are going to be times where transactions are not going to fit the banks lending criteria, but are still good, credit worthy deals.
Private loans are normally for 3-24 months, and provide funds for borrowers that the more traditional lenders will not fund. Unlike banks that mainly focus on the borrowers personal income, private funding is more focused on security and end result because you can defer the interest payments if required.
Private funding is often used to fund urgent settlements, development projects, business loans, investment opportunities and to pay creditors.
At Aqua Home Loans, we work with over 50 lenders, including private funders.
For more information on how we can help you secure funding, contact our team!
Our team will help you search, choose and settle your loan. Chat to one of our loan specialists at a time that suits you.
0478 417 425