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  1. Home Loans
  2. Pre-approval

A good bank helps get you ready to buy 

Getting ready to buy is easy

Buying a home can be daunting. You’re likely to have questions like - How much can I borrow? What will my repayments be? What’s an LVR? How much deposit do I need?... the list goes on. We’re here to make it simple and easy for you to understand so you can purchase with confidence.

A good bank knows there is so much to consider when buying a house and you want the finance to be the least of your worries.

The home loan pre-approval process, also known as conditional approval or approval in principle, is where your bank conditionally approves a home loan before you buy a property. To do a pre-approval you need to provide your bank with information about your financial position. The bank will let you know, based on this information, how much you could borrow. The pre-approval is a conditional approval (not a guarantee) because the bank has not done a full home loan assessment, where you have provided evidence of your financial information, such as your payslips, PAYG statement, living expenses, etc., and a credit check has not been done.

Getting a pre-approval is not compulsory, but it’s useful if you want to know approximately how much you can borrow, to work out what you are comfortable repaying, and to determine where you can afford to purchase a property.

Our lending specialists will help you step by step. We’ll discuss the finer points of what to expect with your pre-approval, and what’s involved, and then outline what happens when you’ve found the right house. We’ll give you an insight into what to expect if you move to a full application.

That’s why you can house hunt with confidence knowing that your finance is conditionally pre-approved with Australian Unity. It means that when you find the right house you’ll be ready to buy.


It usually only takes 1 business day


It only requires one phone call

No downside

Getting a pre-approval doesn’t impact your credit score

Let’s get started

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