Greystone Advisory

Non-Bank, Private Personal Loans

When it comes to evaluating non-bank, private personal loan options from private lenders, the choice that suits you depends on your unique circumstances.

If you’re currently in need of immediate personal funding but face challenges due to high debt levels and a less-than-ideal credit score, Greystone can help. We have access to a range of private, non-bank personal loan solutions through our network of private lenders, provided you qualify as an Accredited Investor.

WHAT IS A PRIVATE, NON-BANK PERSONAL LOAN?

Private personal loans are non-bank personal loans that are provided by established legal lending companies licensed private money lending companies instead of traditional banks. These loans are instrumental when you require quick or instant access to funds, often for personal reasons like home improvements, medical expenses, or unexpected financial challenges.

Unlike credit card loans, which involve revolving credit lines and high interest rates, private, non-bank personal loans offer fixed terms and structured repayment plans. This distinction provides you with greater predictability, making it easier to budget and plan for repayments. Additionally, personal loans typically offer lower interest rates than credit cards, making them a more cost-effective solution for certain financial needs.

In a landscape where financial needs vary, private, non-bank personal loans emerge as a reliable option, and Greystone Advisory serves as the bridge between you and reputable lenders.

HOW OUR LENDERS CAN HELP

WHO WE SERVE: PRIVATE, NON-BANK PERSONAL LOAN BORROWERS

High-income earners or private property owners who are qualified as Accredit Investors (AI) but are unable to qualify for unsecured private personal loans from the banks due to:

Overleveraging – excessive bank borrowings
Immediate non-bank, personal loan request > 6 x monthly income limit
Bad Credit Bureau (CBS) grading (EE and below)
Urgent loan disbursement requests for personal (debt consolidation, refinancing of credit card debts, investments) and business use

ELIGIBILITY REQUIREMENTS FOR NON-BANK, PERSONAL LOAN (FOR ACCREDITED INVESTORS ONLY)

Borrowers must qualify as AI who satisfy at least one of the requirements as defined under Section 4A(1)(a)(i) of the Securities and Futures Act (Cap. 289).
Singaporean or PR with local property ownership.
No pending or ongoing litigation cases for the past 3 years.
Complete KYC searches (including World-Check) done without adverse records found.
Personal bank account month-end balance for the past 3 months must be at least > $50,000/-.
Must produce past 12-month payslip of at least SGD 25,000/- with evidence of salary crediting (in order to qualify as an AI who has met the minimum income of S$300,000/-)wht

Testimonials

"I needed quick funds without the hassle of a traditional bank. Greystone Advisory connected me with the perfect lender for my non-bank personal loan, providing a smooth and efficient process."

"The variety of private personal loans offered through Greystone Advisory allowed me to choose the best fit for my needs. The team's professionalism made the entire process stress-free."

"Greystone Advisory's service bridged the gap between me and legal lending companies. Their private personal loan options gave me the flexibility I needed during a challenging time."

FREQUENTLY ASKED QUESTIONS

What can I use a private personal loan for?

Private personal loans can be used for various purposes, including unexpected expenses, debt consolidation, home improvements, personal projects or a private business loan in Singapore.

Are private personal loans safe?

Yes, private personal loans facilitated by Greystone Advisory are secure, as we connect you with reputable legal lending companies, ensuring a trustworthy borrowing experience.

What is an Accredited Investor?

An Accredited Investor (AI) is an individual who meets therequirements defined under Section 4A(1)(a)(i) of the Securities and Futures Act (Cap. 289) set out by the Monetary Authority of Singapore (MAS). They have also opted to be treated as an AI:

Minimum income of S$300,000 in the last 12 months (or its equivalent in a foreign currency); or
Net personal assets exceeding S$2 million, of which the net value of your primary place of residence can only contribute up to S$1 million; or
Net financial assets exceeding S$1 million (or its equivalent in a foreign currency); or
Hold a joint account with an Accredited Investor, in respect of dealings through that joint account.

How long does it take to get approved for a private personal loan?

Turnaround times for private personal loans can vary significantly based on several factors, including the complexity of your finances, the lender you choose, and the efficiency of your application process.

What are the Document Requirements for Non-bank, Personal Loans?

When applying for a private, non-bank personal loan, you’ll typically need to provide the following documents:

Proof of identity, such as NRIC or Passport
Proof of income, such as payslips, income tax notices, or company financial statements.
Credit Bureau Report
Moneylender Credit Bureau Report
Bank statements and Property Ownership documents, including CPF property withdrawal statement &/or other financial information as requested by the lender

Once submitted, our team will review your application promptly. As a loan broker in Singapore, Greystone Advisory will then connect you with suitable legal lending companies, ensuring you access a diverse range of non-bank personal loan options. Experience a hassle-free application process and expedited loan approvals by choosing Greystone Advisory.

Situation 1	BANK’S REPOSSESSION
Deal Type	Refinancing with Fresh Cash-Out
Property	3 Bedroom Condo along Meyer Road
Property Value	$3.2M
New Loan Amount	$2.4M (with fresh cash-out of $500K)
LTV	75%
Synopsis	Customer, age 51, a senior marketing director in the food logistics industry, was being retrenched in August last year without any prior notice. With his wife being a full-time homemaker, he found himself soon having difficulties in servicing his mortgage repayments, resulting in the bank taking steps to repossess the property for a mortgagee sale within a short span of 6 months. Despite only having a $1.4M outstanding mortgage with $600K of CPF usage, the bank was unable to grant him additional cash-out facilities to tide him through this challenging period, as he couldn’t pass the 55% TDSR threshold in the absence of regular reported income.
Solution (1)	Luckily, the customer managed to find us in time and we eventually saved his house from being repossessed. Arranged our private property lender to grant a $2.4M mortgage loan, out of which $1.4M to redeem his existing mortgage, $600K to refund to CPF with remaining $400K fresh term loan for his personal use, which includes servicing of the monthly instalments with the new private lender.
Solution (2)	The customer managed to find a new employment sometime in March this year. We had since successfully helped the customer to refinance the $2.4M from the private lender sometime in September this year.

Situation 3	INHERITANCE DISPUTES
Deal Type	To finance purchase of sibling’s share in the property
Property	Sem-Detached house along Jalan Seaview
Property Value	$$7.5M
New Loan Amount	$2.8M
LTV	37.5%
Synopsis	Customer, age 62, had jointly inherited the above fully-paid property together with his sister when their father passed away sometime in June last year. Both siblings were at constant disagreements regarding the sale of the property. Customer had always wanted to keep the property for future capital appreciation and his sister was in favour of selling the property so that she could use the sales proceeds to fund her new condo purchase.
Solution (1)	Unable to reach a consensus, the Customer then wanted to buy over his sister 50% equity stakes in the property (valued at $3.75M). Customer was unable get the bank to finance his part purchase exercise as he cannot meet the TDSR requirement and loan tenure. We then managed to get our private lender to finance his purchase of his sister’s share with a $2.8M loan (with a 75% LTV against the $3.75M purchase price)
Solution (2)	Separate financing had also been arranged for the remaining $950K cash difference (being the balance of the remaining 25% purchase price), which was secured by pledging part of Customer’s 50% stakes in the property as well.

Situation 2	BANKRUPTCY LAWSUIT
Deal Type	Refinancing with Fresh Cash-Out
Property Type	Detached House in Newton Area
Property Value	$14M
New Loan Amount	$10M
LTV	71.4%
Synopsis	Customer, age 72, was facing one of the biggest challenges as a veteran businessman, when one of his suppliers had filed a bankruptcy application against him (being the guarantor for his group of F&B companies). After successfully obtained the court judgement for a claim-sum of $1.9M, the customer was eventually given 2-month timeline to settle the payment, failing which he would be in imminent danger of being declared a bankrupt, thus crumbling his business empire which he had built for decades. Despite only having an outstanding mortgage of $7.5M (with a 53.5% LTV against its $14M valuation), no bank is willing to explore the fresh financing in view of his age and more importantly, the pending bankruptcy lawsuit.
Solution	Secured a $10M financing (@ 71.4% LTV from a non-bank lender, out of which $8.5M was to redeem his existing bank loan with another $1.9M to be earmarked to be paid to the supplier on the agreed deadline. Remaining $600K was disbursed to the Borrower for his personal use. With the payment made to the supplier and eventual complete withdrawal of the bankruptcy application, we have thus successfully helped our customer to avert the disaster of being made a bankrupt at this age and he can now refocus on rebuilding and restructuring his other business portfolio

Challenge 6	MULTI-PROPERTIES OWNER
Deal Type	Refinancing (with fresh cash-out)
Property	Good Class Bungalow (“GCB”) in Holland vicinity
Property Value	$70M
Existing Mortgage	$28M
New Loan Amount	$50M (with fresh $22M cash-out)
LTV	71.4%
Synopsis	At the age of 60, our borrower stood as a seasoned property investor with a remarkable portfolio of prestigious GCBs and luxurious Sentosa Bungalows. His journey was a testament to years of astute investment decisions. However, even a seasoned investor can face hurdles. Despite his impressive corporate and professional profile, the ever-evolving TDSR regulations had cast a shadow over his aspirations for further financial growth. His own bank had to adhere to these stringent regulations, leaving him unable to access additional facilities.
Solution	With determination and creativity, we set out to secure a $50 million mortgage loan from a non-bank lender. What made this solution stand out was the 18-month interest servicing repayment plan. Now equipped with fresh capital, our borrower could breathe new life into his retail business, expanding it like never before with a $22 million cash-out facility. But our assistance didn’t stop there. We successfully guided the borrower in refinancing the mortgage loan back to a local private bank just nine months after the initial disbursement. This win is a narrative of resilience and adaptability.

Challenge 3	POOR CREDIT GRADING
Deal Type	Refinancing with Fresh Cash-Out
Property	Bungalow in Katong
Property Value	$9M
Existing Loan	$5M
New Loan Amount	$7.5M (with fresh $2.5M Cash-Out)
LTV	83.3%
Synopsis	At 62 years old, our customer faced a roadblock. His aspirations for additional mortgage financing hit a snag as his bank hesitated due to both his age and an unfavorable “HH” credit bureau rating. This rating was a result of overdue credit card facilities amounting to a hefty $1.2 million.
Solution	With a determined spirit, we sought out an alternative path. Through our network of non-bank lenders, we secured a remarkable $7.5 million term loan facility. It was not just a financial transaction; it was a lifeline. The first step was to use $2.5 million of this fresh term loan to clear off the burdensome $1.2 million in overdue credit card facilities. It was a moment of relief, a chance to leave the past behind. But that was not all. The remaining funds were now at our customer’s disposal for personal investments, a fresh start to chase new dreams. This story encapsulates our commitment to finding solutions when doors seem closed. .