Lenders
Are banks’ lending parameters too tight for your scenarios?
Our network of well-established and reputable private lending institutions will provide financing for businesses &/or properties that banks can’t / don’t touch, thus extending direct unlevered capital to moneymaking opportunities that would otherwise fall through the cracks when you need it most.
Who are these Non-Bank Private Lenders
The Lenders
Our panel of well-established and reputable Non-Bank Private Lenders consists of:
- International financial conglomerates
- Local & Foreign Listed Companies
- Family Offices
- Collective group of individual private investors / companies.
Their Business
- The lenders aren’t subject to the same regulations as banks and they can determine their own credit underwriting and lending framework.
- Provide flexible non-conventional business &/or mortgage loan programs that will never be available at the banks.
- Current market value of the property prevails mostly other credit requirements.
Banks vs Non-Bank Lenders (Property Loans)
General Terms | Banks | Non-Banks |
---|---|---|
LTV* | Up to 75% | Up to 90% |
Tenure* | Up to 30 years | From 6 months to 15 years |
Debt Servicing Ratio** | < 55% | NA |
Interest Rate*** | Average of 4.5% p.a. | 6.25% p.a. onwards |
Repayment Schedule | Monthly Principal & Interest (P+I) | Choice of (P+I) &/or Interest-Only |
Processing Fee | NA | Up to 2% |
CPF Usage | Yes | No |
* As per current MAS Notice 825 guidelines
**As per current MAS Notices 645, 1115, 831 and 128
***Source: Business Times (UOB, DBS, OCBC raise fixed home loan rates up to 4.5%, highest in almost two decades) – 15th Nov 22