New non-bank lender launches

A new fintech lender, Clinch, has launched into market, offering brokers a digital bridging finance product for their clients.

A new Australian non-bank lender, Clinch, has opened for business, offering bridging loans of between $200,000 to $10 million for up to six months with no repayments due until maturity.

The loans are available to a maximum loan-to-value ratio of 75 per cent, and establishment fees start from 1.5 per cent. The lender is backed by non-bank lender Assetline Capital, which provides commercial lending for bridging, construction, and longer-term finance for residential and commercial property-based transactions.

This is an extract from an article written by Annie Kane for The Adviser published on 1 September 2022.