Private Money Lenders in Melbourne

Do you need a fast and flexible financing option other than traditional banks? If so, private money lenders could be your answer. Private lenders provide loans for various purposes, such as investment or businesses. Unlike banks, these lenders can give much faster and more straightforward funding solutions. With this method, you can avoid the lengthy paperwork and approval involved in loan processes.

7 Mortgages provides reliable and secure private lending options in Melbourne. We can help you access private loans personalised to your unique requirements. Our lenders can help you get the funds quickly to keep the cash flow in check. With us, you will get expert advice, custom loan solutions, and a partner focused on your financial goals.

Types of Private Loans We Provide

We’ve different types of private loans to suit your needs. If you’re looking to invest in property, grow your business, or need some quick funds, we’re here to help you. Here’s what we offer:

• Real Estate Investment Loans

  This loan provides quick access to funding solutions for purchasing, renovating, or refinancing properties. We ensure the loans are approved quickly so you can make the most of them. They are designed for both new home buyers as well as investors and offer custom solutions that are flexible to your needs.

• Business Loans

  We know businesses need dependable financing options to grow and thrive in the market. That’s why our private business loans provide quick access to funding to cover purchases, inventory, or unexpected costs. Taking loans from private lenders offers faster approval compared to traditional banks. Plus, these have fewer requirements than bank loans, making getting capital to keep your business thriving much easier.

• Bridge Loans

  These loans are perfect for managing temporary financing solutions while transitioning from an existing property to a new one. They are usually interest-only loans repaid after selling the original property.

Benefits of Private Money Lenders

Choosing private lenders for financing comes with many advantages – getting funds quicker and easier than going through traditional lenders. Some of the key benefits are:

Fast Funding

You can get funds quickly, sometimes within a few days of approval. These loans are the ideal option for those needing speedier access to capital.

Adjustable Terms

The terms of private loans can be adjusted according to your preferences. This ensures you get a repayment plan that fits your budget.

Less Documentation

Unlike the big banks, these private loans require minimal paperwork so you can save time and enjoy a hassle-free process.

Flexible Lending

Private lenders consider borrowers of all financial backgrounds. Individuals with poor credit history can also qualify for these loans, making them a more accessible option for business owners.

No Credit Check

Approval is not based on your credit score, which means you can secure a private loan with no credit check for your requirements.

Range of Loan Options

Private financiers can offer various secured and unsecured loan products so you can choose the right one for your needs.

No Hidden Charges

Banks may list fees in loan documents, but they’re easy to miss until payments start. Private money lenders, on the other hand, make all costs clear from the beginning of the process.

Private Lending Process

The non-bank private money lending process offers speed and flexibility that traditional banks can’t offer. This provides quick access to funds exactly when you need them. Here’s how it works:

Application

You can start by filling out the application form with basic details, such as your business, borrower’s details, loan amount, liabilities, and why you need the funds. This helps the lenders understand your financing needs, goals, and situation.

Approval

After you apply, the lenders will assess it and decide if they can offer a loan. The approval process is usually much quicker and easier than at banks. Instead of taking weeks, private lenders often respond within days. If everything checks out, they’ll send you a basic loan offer. It’ll have details of the loan amount, interest, and repayment terms. Once you accept, you may have to pay a small fee so they can check everything before final approval.

Funding

Once you accept the loan offer and sign the paperwork, funding is often dispersed within 24 to 48 hours of approval. This means you can access the funds quickly or whenever required. Also, it allows you to take action on your plans right away.

Working with private lenders through brokers can help speed up the process. We have the connections and expertise to match you with the right lender that provides loans based on your needs. This ensures you get the correct loan with better terms and interest rates without delay.

Why Choose 7 Mortgages?

When securing a loan, you deserve a partner like 7 Mortgages who understands your unique needs. Here’s why we are one of the trusted names as private money lenders in Melbourne:

• Personalised Loan Solutions: We understand that everyone has different financial needs. That’s why we offer private lending options specifically designed for you. Whether you need quick funding or support for an investment, we’ve got your back.
• Expert Mortgage Brokers: With years of experience in this industry, our brokers can simplify the lending process to ensure you get proper guidance and support.
• Competitive Rates and Loan Options: We are not tied to any banks. This allows us to negotiate with lenders. This way, you will get loan options with better rates and terms.
• Dedicated Customer Support: Our team is dedicated to answering all your queries and helping you at every step of the process.

If you’re looking for private lending solutions, our expert team can assist you. Call us on 03 9544 2642/ 0413 277 413 or email us at admin@7mortgages.com.au for more details.