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How long will it take for my home loan application to be processed?

See all Home loans FAQs

Last updated 02 February 2015

The time taken to process your loan is dependent on a number of factors, including:

  • Requirement of a valuation
  • Complexity of your loan
  • Availability of supporting documents i.e. your payslips, credit card statements etc.
  • How quickly you return your signed loan documents.

It is possible for us to provide a decision on your loan in as little as 60 minutes, if the relevant factors above are favourable.

You can receive your home loan contracts from us in 60 minutes of walking into a branch if eligibility criteria and approval conditions are met, including no more than two individual borrowers, no guarantors and all required documentation provided. However some loans are more complex than others and may take longer such as loans involving trusts, companies or guarantors, in these cases you will normally receive your loan documents within 4-7 business days.

Tips for a fast Home Loan Application

To make your application process quick and easy, you can use our handy checklist to help you prepare the documents you need to provide. In many cases, incorrect documents or not enough documentation is bought to the home loan interview which can cause delays.

Ensure you advise your real estate if the bank requires a valuation. Your lender will be able to advise you if a valuation is required, generally during the home loan interview. The quicker the valuer can gain access to the property the quicker the valuation can be performed.

You can view the 'Six easy steps' involved in our home loan process for more tips for a speedy home loan application.

How do I apply for a loan?

To apply for a Home Loan with us today, please call us on 13 2224 from 8am to 8pm, 365 days or visit any Commonwealth Bank Branch.

Alternatively, you can complete a 5 minute Online Application and one of our Home Lending Specialists will call at a time that suits you to assist with the rest of your application.

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