Conditional approval isn’t a formal approval just yet, but it’s a strong indication based on the information you’ve provided so far, allowing you to begin searching for properties.
It's important to note, your borrowing capacity doesn't take into consideration your deposit.
What’s it based on?
Your conditional approval depends on:
Completing your full application (including property details and loan amount)
Verifying your information
Meeting our credit assessment criteria
With conditional approval, you can start searching for properties and even make offers!
How long does final approval take?
Once you’ve submitted your Contract of Sale, our Lending Specialists usually review everything and respond the same day, often within an hour of completing your income documents, ID checks, and contract.
Sometimes it can take 1–3 business days, depending on:
Whether a valuation is needed
If we need extra documents
Any changes to the Contract of Sale
How long is conditional approval valid?
Your conditional approval is valid for 90 days
After signing your loan contract, you’ll have 180 days to settle
Interest rate changes
If our interest rates change, your conditional approval amount will change, too. Just log in to your application to refresh your conditional approval amount.