Non-bank lending is a golden opportunity

IN the heavyweight lending division, non-banks remain the plucky underdogs, punching above their weight to provide fast, easy solutions for brokers and their clients.

Non-bank lenders have long been a friend of the broking industry and, as this Broker’s Guide to Non-Banks shows, these institutions continue to play an important role when it comes to financing parts of the market underserved by traditional lenders.

Over the following pages, we’re showcasing the ways non-banks are responding to economic forces and shifting market dynamics with products that provide a viable alternative to traditional lenders (page 4). Key to this are the traits that make non-banks popular – flexibility, personalised approaches, and, increasingly, the ability to reach a decision fast.

We’ve also taken a look at the way non-banks are embracing transformation (page 10), both in terms of new technologies and innovative products. And on page 18, you’ll also find a rundown of how non-banks continue to provide a vital line of support for small and medium-sized enterprises (SMEs) – the backbone of Australia’s economy.

You’ll also find commentary from a selection of our non-bank partners that speak to the golden opportunity they’re seeing in the market.

When reading this Broker’s Guide, I was struck by the way non-bank lenders adopt a solutions-first mindset. For brokers in today’s economic environment, that can only be a good thing.

We hope you find this guide useful!