How to Get Fast Approval on Private Loans
How to Get Fast Approval on Private Loans. Step-by-step guide to getting funded quickly when time is critical.
How to Get Fast Approval on Private Loans
Approvals possible within hours, not weeks. When you need funding fast, traditional banks simply can't keep up.
Time-sensitive situations require lenders who understand urgency. Private lenders specialise in fast funding because they make decisions quickly, without the bureaucracy of traditional banks.
Why Speed Matters in Lending
In Australian business and property, timing is everything:
- Property settlements have strict deadlines — miss them and you could lose your deposit
- Business opportunities don't wait for bank approval committees
- Cash flow crunches need immediate solutions, not 6-week reviews
- Auction purchases require unconditional finance ready to go
Traditional banks take 4-8 weeks to approve loans. Private lenders can settle in 24-72 hours.
How Fast Private Lending Works
Step 1: Quick Application (2 Minutes)
Submit your funding request with basic details:
- Loan amount needed
- Purpose of funds
- Security/collateral available
- Your timeline
No lengthy paperwork upfront. Just the essentials to get started.
Step 2: Receive Offers (2-4 Hours)
Our network of verified private lenders is notified instantly. Because they're motivated to lend and have capital ready, you'll typically receive your first offer within hours.
Step 3: Compare and Choose (Same Day)
Review multiple offers side-by-side:
- Interest rates (typically 10-18% p.a.)
- Establishment fees (usually 1-3%)
- Settlement timeframe
- Any conditions
Step 4: Fast Settlement (24-72 Hours)
Once you accept an offer:
- Solicitors prepare loan documents
- Valuation arranged (often same-day for metro properties)
- Funds settled to your account
Total time from application to funds: As little as 24 hours.
What Makes Private Lenders Faster?
| Factor | Banks | Private Lenders |
|---|---|---|
| Decision makers | Credit committee (meets weekly) | Individual lender (available daily) |
| Documentation | Full financials, tax returns, etc. | Exit strategy focused |
| Valuation | 1-2 weeks | 24-48 hours |
| Legal process | 2-4 weeks | 24-72 hours |
| Total time | 4-8 weeks | 24-72 hours |
Who Uses Fast Private Lending?
Property Buyers
- Settlement deadline approaching and bank is slow
- Auction purchase requiring quick settlement
- Bridging between sale and purchase
- Development site opportunity
Business Owners
- Urgent cash flow needs
- Time-sensitive business acquisition
- Equipment needed immediately
- Tax debt requiring urgent attention
Property Developers
- Site acquisition before competitors
- Construction cost overruns
- Presale requirements changing
- Development finance delays
Costs of Fast Funding
Speed comes at a premium, but for many situations, it's worth it:
Typical Fast Loan Terms:
- Interest: 10-18% p.a.
- Establishment fee: 1-3%
- Term: 1-12 months
- LVR: Up to 70-75%
When the Premium Makes Sense:
- Losing a $50,000 deposit vs paying $5,000 in higher interest
- Securing a deal worth $100,000 profit vs missing out
- Avoiding penalty interest on late settlement
- Capturing a time-limited business opportunity
How to Maximise Your Speed
To get the fastest possible settlement:
1. Have Security Ready
Know your property details, have recent valuations if available.
2. Clear Exit Strategy
Lenders need to know how you'll repay. Common exits:
- Property sale
- Refinance to bank
- Business income
- Asset sale
3. Responsive Communication
Reply to lender questions quickly. Delays on your end slow everything down.
4. Documentation Prepared
While not always needed upfront, having these ready speeds things up:
- ID documents
- Property details
- Basic financials
- Entity documents (if company/trust)
5. Solicitor on Standby
Alert your solicitor you may need fast settlement. Some specialise in urgent deals.
Frequently Asked Questions
Can I really get a loan in 24 hours?
Yes, for straightforward deals with clear security. Same-day approval is common, with settlement within 24-48 hours possible for urgent situations.
Why would a lender settle so quickly?
Private lenders earn interest from day one of settlement. Faster settlement means they start earning returns sooner. They're also set up for speed — it's their competitive advantage.
Is fast lending more expensive?
Generally yes. Rates are higher than banks (typically 10-18% vs 6-8%). However, the cost is often justified by the value of securing your deal or avoiding penalties.
What if I need longer than the initial term?
Most private loans can be extended or refinanced. Discuss this with your lender upfront. Many borrowers use private lending as a bridge while arranging longer-term bank finance.
Do I need perfect credit for fast approval?
No. Private lenders focus on the security (your property) and exit strategy rather than credit scores. People with impaired credit regularly access fast private funding.
Get Fast Funding Today
When time is critical, you need lenders who understand urgency.
Introducr connects you with verified private lenders who specialise in fast settlements. Post your deal in 2 minutes and receive offers within hours.
- Offers typically within 2-4 hours
- Settlement possible in 24-72 hours
- Multiple lenders competing for your deal
- Compare terms side-by-side
Ready to get funded fast? Post your deal now and see how quickly you can receive offers.
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