Choosing the right lender is critical for securing asset finance at competitive rates. Australia’s market includes major banks, non bank lenders, and specialist financiers. Understanding their strengths and appetite helps borrowers match assets with the right financing partner.
Banks provide competitive rates and broad product ranges, ideal for borrowers with strong credit profiles and standard assets.
Strengths:
Limitations:
Non bank lenders offer faster approvals and more flexibility. They are ideal for borrowers with niche assets, unusual income structures, or slightly higher risk profiles.
Strengths:
Limitations:
Specialist lenders focus on specific asset categories like:
They understand residual risk, depreciation, and asset-specific lending requirements, often offering better rates for these categories.
A broker navigates lender appetite, identifies the best fit for your asset, and ensures you get competitive rates and terms. Brokers save time and reduce the risk of rejection.
Do non bank lenders offer better approval chances?
Yes, especially for niche assets or unique income structures.
Are specialist lenders more expensive?
Not always; expertise in asset valuation can lead to better overall rates and terms.
Selecting the right lender impacts loan approval, repayments, and flexibility. Brokers can help match borrowers with leading lenders, ensuring competitive finance for a wide range of assets. To discuss our range of lenders, contact us today.
