These are the types of lenders in Australia:\r\r\r \r Banks: This is the most common type of lender, offering a\r wide range of home loan products. They are well-established and have a\r strong reputation. Examples are CBA, Westpac and Macquarie.\r \r \r Non-banks:\r These lenders are not owned by banks and often offer more competitive\r interest rates than banks. Examples are Athena, La Trobe Financial and\r Pepper Money.\r \r \r Retail Lenders (via Wholesale Non-Banks): These lenders\r source funds from wholesale non-banks and offer loans under their brand.\r They are regulated by the National Consumer Credit Protection Act and\r are required to be licensed or registered with ASIC.\r \r \r Specialist Non-Banks: These lenders specialise in\r offering loans to people who do not fit the normal lending criteria,\r such as those with poor credit or unusual property characteristics.\r \r \r \r \r Credit Unions and Building Societies: These lenders are\r owned by their members and offer competitive interest rates and fees. They\r are often local and serve specific geographic areas or groups of people.\r \r \r Private LendersThese lenders are not affiliated with banks or credit unions and can\r provide funding to individuals and corporations. They are often more\r expensive than traditional lenders but offer flexibility in lending\r criteria.\r \r\r