Buying guide

5 Non bank lenders who may say yes if the bank says no

(Some even offer 10% deposit home loans)

Ben Tutty
Last updated: 28 February 2025 | 5 min read

Who are non bank lenders ideal for?

What’s the difference between banks and non bank lenders?

Non banks

Can’t take deposits

Non bank lenders work very similiarly to banks.

Are more flexible

Are less regulated

Are funded differently from banks

Have a risk-based approach to lending

Generally charge higher fees and interest rates

If the banks say no these guys may say yes.

The top 5 non bank lenders in New Zealand

1. Avanti Finance - For residential borrowers

2.Squirrel Money - For residential borrowers

3. First Mortgage Trust - For developers

4. ASAP Finance - For developers

Pepper Money - For residential borrowers

Author

Ben Tutty Ben Tutty