Most banks has entered into their Christmas trading and turn around times; This time of the year is the most busiest time of the year + less staff.
** For a Straight forward loan, no LMI ( 80% LVR) , No issues or defaults, Personal name not a trust, perfect history and employment.
2-3 days for a full "official " Pre-approval ( excluding all 1 min computer generated pre-approvals)
1-2 days for Valuation
3-4 days for Unconditional approval
If you want to make the deadlines and obtain unconditional by end of the year; all loans must be FULLY ( Provide all supporting documentations and loan docs signed) submitted to us BY Monday 5th of Dec 2011