How Long Does Private Lending Take? 2025 Guide
Approval in 24-48 hours; settlement in 3-7 business days. Learn everything about how long does private lending take in this guide.
How Long Does Private Lending Take?
Approval in 24-48 hours; settlement in 3-7 business days.
This is one of the most common questions about private lending in Australia. Here's everything you need to know.
The Short Answer
Approval in 24-48 hours; settlement in 3-7 business days.
Detailed Explanation
Private lending is significantly faster than bank lending. Here's a detailed timeline comparison:
Private Lender Timeline:
| Stage | Timeframe |
|---|---|
| Initial enquiry | Same day response |
| Preliminary approval | 2-4 hours |
| Valuation | 1-3 days |
| Formal approval | 24-48 hours from complete application |
| Settlement | 3-7 business days |
| Total | 5-10 business days |
Bank Timeline:
| Stage | Timeframe |
|---|---|
| Initial assessment | 1-2 weeks |
| Documentation review | 2-3 weeks |
| Valuation | 1-2 weeks |
| Credit approval | 1-2 weeks |
| Settlement | 2-4 weeks |
| Total | 6-12 weeks |
Factors That Speed Up Approval:
- Complete documentation upfront
- Straightforward security property
- Clear exit strategy
- Experienced borrower
- Standard transaction structure
Key Points to Remember
- Private lending is a legitimate, regulated form of finance in Australia
- It's designed for borrowers who need speed, flexibility, or non-standard solutions
- Always understand your obligations before signing
- Work with reputable, verifiable lenders
- Have a clear exit strategy
Related Questions
Can I get same-day funding?
This relates to how long does private lending take. The key consideration is understanding how private lending works differently from bank lending, focusing on property security rather than traditional lending criteria.
What speeds up private lending approval?
This relates to how long does private lending take. The key consideration is understanding how private lending works differently from bank lending, focusing on property security rather than traditional lending criteria.
Why are private lenders faster than banks?
This relates to how long does private lending take. The key consideration is understanding how private lending works differently from bank lending, focusing on property security rather than traditional lending criteria.
Getting Expert Advice
If you have specific questions about how long does private lending take, consider:
- Consulting a finance broker - They understand multiple lender options
- Seeking legal advice - Especially for complex situations
- Comparing multiple lenders - Terms vary significantly
- Using lending marketplaces - Access multiple options at once
Next Steps
Ready to explore private lending options?
On Introducr, you can post your funding request and receive competitive offers from verified private lenders within 48 hours. Compare rates, terms, and approval timeframes to find the best solution for your situation.
Disclaimer: This information is general in nature. Your situation may have specific considerations. Seek independent financial advice for your circumstances.
Last updated: January 2025
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