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Easy Application Process with Fast Approvals

MyRate has 5 easy steps to getting your home loan and offers one of the fastest processing timeframes available.


  1. Loan Pre-Approval 2. Approval Subject to Valuation 3. Written Unconditional Approval 4. Loan Contracts Drawdown 5. Loan Settlement
  This is simply an estimation of your borrowing capacity You can now go property shopping with confidence Valuation verified and formal approval letter issued Solicitor has been instructed and your contracts are ready for you to sign You are now the proud owner of your new property
MyRate Instant
enquire now
24 Hours
following full application submission
96 Hours
following conditional approval
48 Hours
following formal approval
Varies
depending upon your purchase contract
Other lenders ? ? ? ? ?
Mortgage Brokers Subject to lender timetables Subject to lender timetables Subject to lender timetables Subject to lender timetables Subject to lender timetables

Please note that timeframes are subject to you providing all the relevant paperwork and providing access to the property for valuation.

Tip: If your loan is approved subject to valuation, this approval will last you 3 months. However, if more than 30 days has passed since your approval, you will need to supply us with :
  • Up to date pay slips.
  • Up to date savings/credit card/loan statements.
  • Your updated assets/liabilities list to confirm nothing has changed since pre-approval.

5-Day Formal Approval Guarantee

Our loan process is fast, simple and convenient. Unlike other lenders, once you submit all your paperwork, we guarantee to provide you with a Formal Approval decision within just 5 business days. If it takes more than 5 business days we will deposit $100 into your loan at settlement. Some terms and conditions apply and your loan consultant can explain more.

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how much can i borrow
MyRate Update
Friday 21st November 2014

Borrow up to 97%?

MyRate can offer a 97% LVR on purchases including capitalised LMI. Available at 5.17% variable and comparison rate.

Enquire now to find out more.

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