Private Lending commonly referred to as peer to peer lending is the type of lending where  a wealthy private individual or company that has excess cash provides a loan to borrowers directly or via an intermediary such as a law firm or a private fund. In its simplest form, private lending is done with one investor’s funds to fulfill one borrowers loan.

Private lending can offer clients a simple application process, fast decisions,  quick access to funds and flexible payment terms.Where most banks have strict lending criteria, private lenders have a more customer-centric approach in funding businesses, eliminating the cumbersome approval process and providing quick funds.

Private lending is legal in Australia but private lenders still have to comply with all the usul ASIC requirements. When running a managed investments scheme, its important to note that al private lenders need to have an AFSL (Australian financial services licence). Its always better to go with a private lender that has an AFSL as you can be assured that they are heavy regulated and therefore its less risky for both the borrowers as well as the investors to deal with that lender. Private lending in Australia is primarily used for business purposes as the loans are classified as unregulated loans that do not fall under the National Consumer Credit Protection Act. This is the reason why most private lenders do not have an ACL (Australian Credit Licence) as they dont write NCCP loans under individual’s names.

Private lenders are generally safe if you are dealing with a reputable firm. Its always advisable to look up the lender up online, check out their reviews, do some basic due diligence to make sure they are a legitimate business. A biggest red flag is when any lender is offering you terms that are too good to be true but you have to pay hefty upfront fees before an offer is released to you. Its always advisable to ask if they have an AFSL and check the paperwork before committing to anything.

With Archer Wealth, your financial security is our top priority, and transparency is a promise. Our processes ensure secure lending scenarios for brokers, borrowers and investors. Safe doesn’t mean boring – but while we know how to make private lending fun, we guarantee Archer Wealth is a cowboy-free zone.

It absolutely can be! Check out our For Investors section to find out how we work with sophisticated lenders on tailored investments, including first and second mortgage loans, to help them create diverse and secure income streams. Sound like something you’d be keen on? Give us a call and let’s talk.

Please refer to the Our Solutions section of the website to find out about our products and services. There you’ll find our lending guidelines, our various first and second mortgage loan products, and our loan processes.

Found what you’re looking for and ready to apply? Submit an enquiry here.

We can get your application assessed and approved in 48 hours, with urgent enquiries. Every scenario at Archer Wealth is assessed individually, according to its unique merits. Our team works round the clock to find you the best solutions, as quickly as possible.

Each loan is assessed on a case by case basis, and each rate is determined in consultation with the borrower, broker and investor backing the loan. But, the Archer Wealth promise is to always work towards better rates for brokers and their clients, and secure income for our investors. Check our Our Solutions page for more details on rates. Be sure to sign up for our newsletter to access exclusive deals and offers, including record-breaking rates, only available to our network.

The Archer Wealth promise is that there are never hidden costs. We are always upfront about any fees associated with your loan. Remember, friends, this is a cowboy-free zone – no Wild West hidden fees around here!