Pre-approval
Get pre-approved or learn more today!
Get ahead in the property market with our pre-approval loans.
Knowing your borrowing capacity gives you a competitive edge, allowing you to make confident and timely offers on your dream property.
Get pre-approved or learn more today!
Key Features :
Indicative Offer
Pre-approval gives you an estimate of how much you can borrow based on the financial details you provide to the lender.
Confidence in Property Search
Having pre-approval allows you to look for properties with a clear understanding of your budget, helping you make offers with more certainty and appear as a serious buyer.
Time Efficiency
Pre-approval can speed up the formal loan application process once you’ve found a property, as part of the financial assessment has already been completed.
Validity Period
Pre-approvals are generally valid for a specific duration, typically between 3 to 6 months, providing you with a timeframe to find and secure a property within your budget.
Considerations :
Conditional Approval
Pre-approval is not a final loan approval and is often subject to conditions such as a satisfactory property valuation and verification of your financial information.
Credit Checks
Obtaining pre-approval usually involves a credit check, which can affect your credit score, particularly if you apply multiple times in a short period. This should be considered carefully.
Changes in Circumstances
Any alterations in your financial situation or the lender’s criteria can impact the final loan approval, so maintaining financial stability during the pre-approval period is crucial.
Market Variability
Fluctuations in interest rates and lending policies can affect your borrowing capacity or the terms of your final loan.