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PRIVATE MORTGAGES IN AUSTRALIA CAN OFFER A SOLUTION WHEN TRADITIONAL LENDERS SAY NO
When it comes to private mortgages in Australia, many people are surprised to learn how flexible and accessible they can be, especially when banks knock you back. Whether you’re self-employed, working with complex income, or dealing with a tight deadline, private lending can open doors that traditional lenders won’t.
At Marway Capital, we specialise in fast, strategic lending solutions tailored to Australians who don’t fit the typical banking mould. We offer real options, not just another rejection. If you need to move quickly, require less paperwork, or want a deal structured around your situation, a private mortgage might be exactly what you’re looking for.
What Is a Private Mortgage in Australia?
A private mortgage is a type of home or investment loan provided by non-bank lenders, often individuals, companies, or private lending firms like Marway Capital. These loans are typically used when borrowers don’t meet the strict criteria of traditional banks, yet still have equity or a viable deal that needs funding.
How It Differs From Traditional Bank Loans
The biggest difference between a private mortgage and a bank loan comes down to criteria and control. Banks rely heavily on credit scores, full income verification, and rigid internal policies. If you don’t tick every box, it’s often a flat-out no.
Private mortgages in Australia are different. We consider:
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Self-declared income or alternative documentation
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Time-sensitive opportunities
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Unique or complex scenarios (e.g. trusts, companies, ATO debt)
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The actual strength of the deal, not just the paperwork
And importantly, private loans move fast. While a bank might take weeks to respond, we can assess and fund deals in hours.
When to Consider a Private Mortgage
Private mortgages in Australia aren’t just a last resort, they’re often the smartest option when you need flexibility, speed, or a custom solution. At Marway Capital, we work with people from all walks of life who just don’t fit the standard banking criteria. Here are a few common situations where private lending makes sense.
Self-Employed or Irregular Income
If you’re self-employed, running a company, or working in the gig economy, you already know how tough it can be to satisfy a bank’s income requirements. Tax returns and payslips don’t always reflect your true financial position, and banks rarely make exceptions.
Private mortgages in Australia offer a practical alternative. We accept self-declared income, review your real financial situation, and assess your application based on the overall strength of the deal, not just a P&L statement.
Credit Issues or ATO Debt
Life happens. Maybe you’ve had defaults in the past, or you’re working through ATO debt. Traditional lenders see this as a red flag, even if you’ve since stabilised financially.
We take a different view. If the deal makes sense and you’ve got a clear plan moving forward, private lending can give you a second chance without the judgement. We’ve helped many Australians use private mortgages to clean up past issues and get back on track.
Time-Sensitive Property Purchases or Refinancing
Some opportunities can’t wait 4–6 weeks for a bank to say no. Whether you’re facing a looming refinance deadline, trying to settle quickly on a hot property, or avoiding a default situation, timing is critical.
Private mortgages move fast. We can often assess, approve, and fund your loan in a matter of hours, not weeks. If you’re running out of time, we can step in quickly to save the deal.
Property Development or Unique Scenarios
Banks are notoriously cautious when it comes to property development, non-standard properties, or unique deal structures. If your deal involves trusts, corporate borrowers, unusual zoning, or early-stage development, you’ll often hit a wall with mainstream lenders.
At Marway Capital, we specialise in these types of scenarios. Our private mortgage options are designed to give you the flexibility and funding you need, without jumping through hoops. We understand how to structure creative solutions and we’re not afraid of complex deals.
How to Apply for a Private Mortgage in Australia
:Applying for a private mortgage in Australia is refreshingly simple — especially compared to the paperwork-heavy, slow-moving process of traditional banks. Here’s what you can expect.
What Documents Are (and Aren’t) Required
One of the biggest advantages of private mortgages is the reduced documentation. Unlike the banks, we don’t need full financials, BAS statements, or two years of tax returns.
Here’s what we typically ask for:
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A completed application form
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100 points of ID
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Your company’s ACN (if borrowing through a business)
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A current council rates notice or contract of sale
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A short explanation of the loan purpose and your exit strategy
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A self-declaration of income
That’s it. No long-winded back-and-forth. We keep it lean so you can move forward faster.
How the Application Process Works
The process is designed to be efficient and straightforward:
- Initial Chat – We’ll talk through your scenario, understand your goals, and see if a private mortgage is the right fit.
- Submit Basic Docs – We gather the documents listed above and review the deal.
- Fast Assessment – We assess the security, your declared income, and the proposed exit strategy.
- Offer Issued – If it all stacks up, we’ll issue a loan offer quickly.
- Settlement – Once the documents are signed, funds can be available fast.
How Long Approval Takes
This is where private mortgages in Australia really shine.
While banks can take weeks just to review an application, we can often provide approval within 24–72 hours, depending on the complexity of the deal. If time is critical, we’ll move quickly to get you sorted.
Settlement can typically occur within a week, sometimes faster, depending on your readiness.
Costs to Be Aware Of
Private lending is different from bank finance, and so is the pricing structure. Here’s what to expect with Marway Capital:
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Establishment Fee: 2.2%
- Interest Rates: from 8.95% p.a.*
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Loan Size: Up to $10 million, up to 75% LVR*
All fees are disclosed upfront, no hidden charges. And unlike the banks, we offer interest-only options where the interest and fees can be capitalised into the loan.
*Conditions apply. Rates and LVRs depend on location, loan size, and security type.
Finding the Right Private Mortgage Provider in Australia
Not all private lenders are created equal, and when it comes to securing a private mortgage in Australia, who you borrow from matters just as much as the deal itself. You want someone who’s experienced, transparent, and genuinely focused on helping you succeed.
Questions to Ask Before You Commit
Before you move forward with any private lender, here are a few key questions we recommend asking:
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How quickly can you settle the loan?
Timing is everything, especially in private lending. -
What are all the fees — upfront and ongoing?
Make sure there are no surprises. -
Can interest and fees be capitalised?
This can help ease your cashflow while you focus on your exit strategy. -
What types of security do you accept?
Some lenders only accept certain property types or locations. -
How flexible are you with income verification?
If you’re self-employed or working through financial changes, flexibility is key.
The right lender should be open, upfront, and solutions-focused. If they dodge questions or over-promise without clarity, proceed with caution.
How Marway Capital Can Help
At Marway Capital, private motgages aren’t a side offering, it’s what we do every day. We work directly with borrowers, brokers, and businesses to deliver tailored, fast, and flexible funding solutions when the banks can’t help.
Here’s what sets us apart:
FAQs About Private Mortgages in Australia
Is private lending legal in Australia?
Yes, private lending is 100% legal in Australia. Private lenders must comply with relevant laws, including the National Consumer Credit Protection Act (if lending to individuals) or relevant commercial lending regulations for business-purpose loans. At Marway Capital, all our loans are provided within these legal frameworks, with full transparency and documentation.
Do I need full income verification?
Not with us. One of the biggest advantages of private mortgages in Australia is the flexible approach to income. At Marway Capital, we accept self-declared income and don’t require tax returns, BAS statements, or payslips. This makes it ideal for self-employed borrowers, company directors, or those with non-traditional income streams.
Who offers the best private mortgages in Australia?
That depends on your needs but we like to think we’re high on the list. At Marway Capital, we specialise in private mortgages for Australians who need fast, flexible, and tailored solutions. Our focus is on service, speed, and smart structuring, not just interest rates.
Can I refinance with a private lender?
Absolutely. Many of our clients come to us when their bank refinance falls through or they’re approaching the end of an existing loan term. We offer private refinance options that can help stabilise your cash flow, settle urgent debt, or simply give you time to execute your longer-term plan.
What’s the typical interest rate?
Private mortgage rates in Australia vary depending on the loan size, security, and complexity of the deal. At Marway Capital, our rates typically start from 8.95% p.a., with higher rates for larger or more complex loans. While this is higher than traditional banks, private lending offers benefits like faster approvals and more flexibility.
Are private mortgages safe?
Yes — provided you work with a reputable lender. Private mortgages are a legitimate and commonly used form of finance in Australia, especially for borrowers who need fast or specialised funding. We always recommend reviewing the loan terms carefully, understanding your obligations, and working with a lender like Marway Capital who puts transparency first.
*Conditions Apply. For company borrowers with ACN for business purposes*