the adviser logo

Rise of the non-banks

by Annie Kane8 minute read
medieval knight holding sword and shielf rise of non banks tighter serviceability requirement

Non-bank lending has been making a strong comeback in 2018, with credit supplied by banks slowing as a result of tighter serviceability requirements and macro-prudential measures. Annie Kane investigates.

The year 2018 was a tumultuous one for the finance industry. Borrower sentiment towards the banking sector waned, the scandals that emerged from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry hit borrower confidence, while the banks themselves began to reduce their risk appetite and “simplify” their offers. All in all, the environment was one that created an opportunity for non-banks to take a bigger bite of market share, which they did in droves.

This content is available exclusively to
The Adviser premium members.

jan feat rise


You need to be a member to post comments. Become a member for free today!
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more