Private Lending vs Bank Timing: When Speed Matters Most
Private Lending vs Bank Timing: When Speed Matters Most. Fast private lender funding in 24-72 hours. Metro locations, 50% LVR = rates from 8%.
18 January 20262 min read
Private Lending vs Bank Timing: When Speed Matters Most
Need a first mortgage fast? Whether you're a developer, facing settlement pressure, or banks aren't working for you — private lenders can fund in days.
Who This Is For
- Anyone needing fast first mortgage funding
- Borrowers in time-sensitive situations
- Those who need an alternative to slow bank processes
How It Works
Speed Comparison
| Lender Type | Approval | Settlement |
|---|---|---|
| Major Banks | 4-8 weeks | 2-4 weeks |
| Private Lenders | 24-48 hrs | 24-72 hrs |
What You Need
Essential:
- Property in metro location
- Clear exit strategy
- Basic ID and entity documents
For Best Rates (8-12% p.a.):
- 50% LVR or below
- Sydney/Melbourne/Brisbane metro
- Standard property type
- Clear, simple situation
Typical Scenarios
Time-Sensitive Funding
When days matter and banks take weeks, private first mortgage lenders can bridge the gap.
Alternative to Banks
Not every situation fits bank criteria. Private lenders offer flexibility and speed.
The Process
Step 1: Submit Your Scenario
Tell us what you need, why, and your timeline. Takes 5 minutes.
Step 2: Get Matched
We connect you with lenders who fund your situation. Usually within hours.
Step 3: Receive Offers
Compare rates, terms, and settlement timeframes. Most borrowers get offers same day.
Step 4: Settle Fast
Accept an offer, complete documentation, settle in 24-72 hours.
Rates and Costs
| LVR | Typical Rate |
|---|---|
| 50% or less | 8-12% p.a. |
| 50-65% | 10-14% p.a. |
| 65-75% | 12-16% p.a. |
Other costs:
- Establishment fee: 1-3%
- Legal/valuation: ~$2,000-$5,000
What Makes Approval Faster
Your Checklist
☐ Metro property location
☐ Clear title
☐ Exit strategy documented
☐ ID and entity docs ready
☐ Solicitor on standby
☐ Available to respond quickly
Get Started
If you need fast first mortgage funding, submit your scenario and get matched with verified private lenders.
Important: Metro Locations Only
Our lenders fund metro properties in Sydney, Melbourne, Brisbane, Perth, and Adelaide only.
50% LVR = best rates from 8% p.a.
Topics covered:
private lending vs bank timing when speed mattersfirst mortgage private lenderfast first mortgageprivate lender australiafast property loan