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What is Private Lending?

In the usual banking relationship, the investor deposits funds with the bank and the borrower obtains finance from the bank. The investor is paid a conservative rate of return and has no knowledge of the particular loans that the deposit is funding. 

Private lending, also known as private credit, is commonly referred to as “the oldest form of mortgage lending” and refers to non-bank lending where loans are provided by private entities rather than traditional financial institutions like banks.

Yes, private lending is legal, but it is subject to various regulations and legal requirements. These regulations are designed to protect both investors and borrowers and ensure the integrity of the financial system. 

Vado Private operates under an Australian Financial Services License (AFSL #526189) issued by the Australian Securities and Investments Commission (ASIC). Holding an AFSL signifies that the licensee has met the regulatory requirements set by ASIC and is permitted to conduct specified financial services activities within the legal framework of the Australian financial system.

Are Private Lenders safe to work with?

The safety of private lenders depends on various factors, including the lender’s reputation, regulatory compliance and, lending practices. Established private lenders with a solid reputation and track record are generally safer. Brokers and borrowers should research the lender’s history, customer reviews, and any potential regulatory actions or legal issues.

Is Vado Private a member of the Australian Financial Complaints Authority (AFCA)?

Vado Private has been a member of AFCA since 2020. Our membership number is 86790.