All Categories ​>​ ​Frequently asked questions ​ > ​ ​Applying for Pre-approval

What is pre-approval?

Pre-approval is a full assessment of your personal details and finances (including a credit check) - before you’ve found a property to purchase. Pre-approval provides you with a pre-approved borrowin…

When should you get pre-approval for a home loan?

You can apply for pre-approval anytime, but we’d recommend applying when you seriously start looking for a property to buy, or you’re getting ready to make an offer. Once you’ve been pre-approved you…

How long does pre-approval take?

The online application is designed to make the process more efficient, so you may be pre-approved in minutes, however our home loan experts may need to assess certain aspects of your application befo…

How long will my pre-approval last?

With Qantas Money Home Loans, your pre-approval will be valid for 60 days. We’ll send you a reminder via email before it expires, and you can contact one of our home loan experts and renew it for an…

How does the pre-approval application process work?

Beginning the application At the start of the pre-approval application, you will need to provide the postcode of the area you are looking to buy in. If you’re looking at multiple suburbs, please prov…

I’ve got pre-approval. What's next?

Once you’ve found a property, log in to the application portal and provide the address details so we can check that the property is an acceptable security and matches your loan product. We will also…

Will my credit history be affected when I apply for pre-approval?

Once you have completed your personal details within the application, you’ll be asked to review and consent to a privacy collection statement. This statement contains information about the types of p…

Can I bid at auction with pre-approval?

Whilst pre-approval provides a level of confidence in your borrowing capacity, there is a risk as sales at auction are typically unconditional and final. As such, it is important that before you bid…
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