Entity Types

Non Bank


Non-Banks are financial firms that offer similar lending products as banks do, but are not banks

Lending Products Offered Typically Include:

  • Mortgages (new & refinance)
  • Personal Loans
  • Student Loans (new & refinance)

Benefits Compared to Traditional Banks

  • Fewer regulation (compared to banks)
  • Less legacy infrastructure/costs (physical branches, pensions, overhead, etc).
  • Focus on technology & internet transactions

Negatives Compared to Traditional Banks

  • At  the mercy of capital markets - must raise funds to lend out
    • Vs banks who have access to cheaper funds (bank deposits & inter-bank borrowing)

Non-Bank History