Prepare before applying
Review income, expenses, existing limits, deposit funds and your credit report. Set a comfortable repayment limit rather than treating the highest possible approval as the target.
Compare policy as well as price
A low advertised rate is not useful if the lender does not accept the income, deposit or property. Shortlist suitable policies before lodging a credit application.
From conditional approval to settlement
Conditional approval is not final. The lender still checks the selected property, supporting documents and application conditions before issuing formal approval and preparing settlement.
Key points
- Organise documents first
- Compare lender policy before applying
- Conditional approval is not a guarantee
- Allow time for valuation and settlement
Frequently asked questions
How long does the process take?
Timeframes vary with the lender, documents, valuation and contract. Build a buffer and confirm finance dates before signing.
Should I apply with several lenders?
Multiple applications can create multiple credit enquiries. Compare first, then apply to a suitable lender.