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How to get approval in principle

Be ready to make an offer

What is Approval in Principle?disclaimer

Approval in Principle is also often referred to as pre-approval or conditional approval. It is an obligation-free way to estimate what you could afford to borrow from a lender before you make an offer on a property. 

Getting an Approval in Principle will help you:

  • Know how much you could afford to borrow
  • Plan your budget 
  • Be confident to make an offer
  • Be seen by agents as a serious buyer

When should I apply? 

It's a good idea to apply for Approval in Principledisclaimer when you have done some research and have an idea of how much you could borrow. Before applying, you could also review our home loans on offer and which home loan may suit your needs. 

You can begin the application process before you start looking for a specific property or when you have found the home you want to buy. It's important to remember that getting Approval in Principle too early could mean that you have to repeat the process again. 

How do I apply for Approval in Principle?disclaimer

When you apply for approval in principle, we will complete a credit check and and we will ask you for things like your identity, expenses, employment and income. You'll also need to let us know the price range of the property you want and how much you have saved for a deposit. 

Please note, however, that Approval in Principle gives you an indication of how much you could borrow, not a guarantee that we'll lend you the funds. Once you've found the right property, please speak to us about progressing to full approval for your loan.

Send us an enquiry to get started or apply online for an Approval in Principle.

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Call a Home Loan Specialist

1800 035 500

Mon-Fri 8.00am to 8.00pm (AEST),
Sat-Sun 8.00am to 6.00pm (AEST)

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All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.

The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditions, Product Disclosure Statement and the ANZ Financial Services Guide (PDF, 104kB) before acquiring any product. Applications for credit subject to approval. Terms and conditions available on application. Fees and charges apply.

ANZ may provide pre-approval (also known as approval in principle or conditional approval) to eligible customers who apply for an ANZ home loan and complete an application form and satisfy any other applicable requirements. Pre-approval is an approval for a loan subject to conditions being met, including that security is satisfactory to ANZ. Australian Credit Licence Number 234527.

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