What are private money lenders?
Individual and private lenders are individuals or legal entities that lend money without being supervised by the Bank. You can turn to them if the bank does not grant you financing or if you need cash quickly, for example. They can distinguish the following types of private and individual lenders: Family and friends are people close to whom you can ask for money to cover some expenses. In general, they will not charge you interest or commissions by having a certain relationship with you. Other private people are those unrelated to you who will lend you money to get some benefit. It would help if you were more careful with them, as they will tell you later. Private non-banking companies: these are companies that are professionally dedicated to lending money, although without receiving the supervision of the Bank. They usually grant quick, low-value loans. Sometimes those who want to borrow money have to hear that several mortgage broker Melbourne ...