What Is A Private Loan?
Private loans can be a versatile financial tool, designed to cater to a range of needs and scenarios. Unlike federal loans, private loans are from non-governmental entities, such as banks, credit unions or private lenders, and can be used for various purposes, including personal expenses, business endeavours or real estate investments.
They often come with a set of criteria, interest rates and repayment terms defined by the individual lender. At Your Advisor Group, we'll work closely with you to ensure you understand how your private loan works. While they are a convenient way to secure funds, understanding the intricacies of private loans, including their terms, conditions and repayment structure, is crucial to navigate through them effectively.
Different Types of Private Money Loans
Private money loans are available in a range of different types, including
personal loans,
business loans,
investment loans and much more. Personal loans cater to individual financial needs, such as consolidating debt, managing unexpected expenses or facilitating home improvements. Business loans aim to provide the necessary capital to start, manage or expand a business, ensuring financial fluidity in operational management.
Investment loans are designed to facilitate the purchase, investment or development of properties, supporting both individual and commercial real estate endeavours. Each type comes with its unique set of eligibility criteria, application processes and usage guidelines.
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Your Advisor Group Pty Ltd ACN 631535236 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192
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Terms and conditions
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
1There may be occasions where you may be charged a fee by your broker.
2Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
3Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
