Browse Forums Home Finance Re: Banking finance and Non-banking finance for Home Loan 2Feb 25, 2008 11:05 am After 4 years - we're in! Re: Banking finance and Non-banking finance for Home Loan 4Feb 25, 2008 12:07 pm After 4 years - we're in! Re: Banking finance and Non-banking finance for Home Loan 18Jul 02, 2008 6:47 am kanchi7880 Hi Experts, I was looking for bank loan for block of land which I have purchased in Berwick. That land is about to release in March. I got an approval from commbank when i booked that block of land. But then I did bit of research about other finance institution. I come to know that there are few non-banking institution which are offering home loan at really nice interest rate e.g. myrate. I find it offering most lowest interest rate so far. I also talked to couple of blocks recently. They all borrowed from banks. And they all knew about cheaper non-banking finance. I asked a reason, but they even dont know even. Does anyone know is it good to go for non-banking institution for finance? Why people not prefer? Any risk factor involve in it? What benefits banking institution offers that non-banking institution doesnt? http://www.myrate.com.au Please advise me. I am really confused with bank loan. Regards, KanChi Banks lend to a lot of people some of whom default, so they charge higher to make up for losses elsewhere, a small lender on the other hand, can choose who they lend to more carefully. The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 19114 Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes. 1 35331 From a pure legal perspective, if you've signed the variation, it is a very high bar to have it set aside. No-one can give you legal advice on a forum, but you would need… 3 5480 |