For clients who want a premium home loan with broad features.
2
days
4
days
For clients after flexible home loans, full or alt doc, with no credit scoring and quick approvals.
3
days
7
days
For individuals, self-employed or SMEs using residential property for purchase, refinance or equity release.
4
days
7
days
For clients who don't fit a typical lender profile.
1
day
7
days
For clients who want flexible home loan options, from prime through to specialist.
8
days
10
days
Comprehensive range of products designed to meet diverse financial needs.
2
days
12
days
Flexible bridging loans to help clients buy now, sell later.
5
days
1
day
SMSF
Days to credit assessor
Days to formal approval (Top 25th percentile)
For clients who want a flexible SMSF solution for residential or commercial property.
5
days
5
days
For SMSF clients using residential or commercial property for purchase or refinance.
4
days
5
days
For clients who want to finance or refinance a residential property within a SMSF.
5
days
5
days
Providing SMSF clients with the flexibility and choice they need, with loan options available under both Full Doc and Alt Doc.
3
days
10
days
For clients who want flexible SMSF lending options for residential or commercial property, with simple income verification.
3
days
7
days
For SMSF clients using residential or commercial property for purchase or refinance.
2
days
5
days
Commercial
Days to credit assessor
Days to formal approval (Top 25th percentile)
For clients who own or are purchasing commercial property and want a flexible commercial lending solution.
5
days
5
days
For clients borrowing up to $10M, Full, Mid, Quick & Lease Doc available, using commercial property for purchase, refinance or equity release.
3
days
4
days
Comprehensive range of products designed to meet diverse financial needs.
3
days
10
days
For clients borrowing up to $3M, Prime, Near Prime, Full/Alt Doc & SMSF available using commercial property for purchase, refinance or equity.
5
days
5
days
For clients who need tailored commercial finance with full doc, alt doc or lease doc options up to $4M.
3
days
7
days
For clients borrowing up to $6M, Full, Mid & Lease Doc available, using commercial property for purchase, refinance or equity release.
1
days
4
days
Median turnaround time to formal approval for all lenders
8
days
Turnaround times are based on quality applications submitted, in line with the submission checklist provided for each product available from Research in Mercury Nexus. Turnaround time to credit assessor is calculated on the average number of business days between an application passing quality control and when an underwriter provides the first decision response. Time to formal approval displays the median days from the top 25th percentile of all lenders from the past 30 calendar days, as published in the Connective Lender Approval Dashboard in Mercury Nexus.
*This number denotes how quickly the lender reaches unconditional approval compared to other lenders, and is based on data from the Connective Lender Approval Time Dashboard.
