Definition :: Any lender that advances funds without holding a banking licence. These may include building societies, credit unions, insurance companies to name a few. Non bank lenders traditionally offered cheaper interest rates than banks, however the gap has closed over recent years with added competition, and now the rates can be similar..
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DAIS Investments Suite 1.04, 339 Military Road Cremorne NSW 2090 Ph +612 9908 8875 Fax +612 9908 7061
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