It’s odd phraseology, you might think. But you’ve heard it once or twice before. What is it? Put very simply, these are the lenders who don’t lend to the fossil-fuel industry. Environmental and social responsibility are at their core.
In 2021, it should come as no surprise that borrowers are actively seeking these loans. People are being genuinely inquisitive about the options and choices, and are taking action. We can help you. We have such a loan ourselves. There is an abundance of lenders who have taken this position and you don’t have to go far to find them. You’ll have to shake that Big Bank habit, though.
One thing I love about these lenders is that they often go hand-in-glove with a genuine community conscience. Yes, it’s great that the very biggest names in banking are seen on the guernseys of the nation’s top footy players. But what about the local bowls club? Mine benefited from a $25,000 donation from our local community bank for a viewing deck. What about meaningful donation schemes to nominated charities? These are the lenders who’ll do it.
There’s a myriad other benefits. A smaller size of lender often is the one who’ll go straight to market with a no-nonsense interest rate offer. They want your business, and won’t put you through the negotiation hoops to get a good rate. They often have a small local branch network with easy and friendly access. And don’t forget the short menus for phone banking. As a broker, I can ring these lenders and get straight through to your loan assessor.