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How Non-Bank Loans Work in Practice

From application to repayment, here’s what the process looks like—and why it’s faster, simpler, and more flexible than banks.

Key Takeaways 

  • ✅ Flexible application requirements (not just payslips)
  • ✅ Faster approvals—days, not weeks
  • ✅ Clear setup and tailored loan structures
  • ✅ Standard repayments with exit strategies to bank refinance
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Flexible documentation

Non-bank lenders make applying simpler by accepting alternative documents like bank statements, accountant letters, and tax summaries. Perfect for self-employed, contractors, or those with seasonal income.

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Faster, bigger-picture assessments

Approvals focus on your full financial situation, not just a rigid checklist. Without heavy internal red tape, decisions often come within days—not weeks.

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Straightforward setup and support

Once approved, you’ll receive clear documentation, flexible repayment choices, and professional guidance on structuring your loan to meet your financial goals.

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Plan today, refinance tomorrow

Non-bank loans offer standard repayment options—principal & interest, or interest-only in certain cases. Many borrowers plan to refinance with a bank later, once they meet traditional criteria.
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Luminate Financial Group Limited (FSP765531) is a licensed Financial Advice Provider (Class 2 FAP), authorised to provide regulated advice on home loans, commercial and business lending, and specialist finance.

Luminate Finance Limited (FSP449126) is registered under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 to provide consumer credit contracts and non-consumer credit contracts. It is not a licensed Financial Advice Provider and does not offer regulated financial advice. Investment opportunities are available only to investors who meet specific wholesale investor criteria as defined in the Financial Markets Conduct Act 2013. These are not regulated offers and are not open to retail investors.

All lending is subject to credit assessment and responsible lending obligations under the Credit Contracts and Consumer Finance Act 2003. We follow the Responsible Lending Code to ensure loans are suitable and affordable for our clients.

¹Past performance is not a reliable indicator of future results. Fixed rates are subject to change. Terms, conditions, lending criteria, fees, and charges apply. Images may be indicative only.

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