How long does a conditional approval last?

The validity period for a conditional approval differs between Commercial and Consumer lending.

Commercial Lending:

• Conditional approvals last for 30 days.

• An extension may be considered to a maximum of 45 days from the original approval date.

• After 45 days, the approval will lapse and a new application submission is required.

Consumer Lending:

• Conditional approvals last for 30 days.

• An updated assessment will be required for any lapsed approval. Updated income documents, bank statements (if applicable) maybe requested by credit.