Current Service Levels

Current Service Levels
Effective 01 May 2025

NOTE: You will not be able to escalate an application within the advertised Service Levels.

* REFINANCES - see below

These service levels are for new application assessment.

N.B. Uploaded documents received after 5pm AEST will not be counted as received until the following business day.

# Pre-approvals will no longer be accepted until further notice except for the following conditions:

  • Existing Heritage Bank customers
  • Construction portion of a land and build loan
  • If above conditions are met, the current service level will be 15 business days to commence assessment (once supporting documents uploaded successfully in AOL)
   
   
   
Assessment time frames Current Service Level
Commence assessment (once supporting documents uploaded successfully in AOL) - PURCHASES 10 business days
Commence assessment (once supporting documents uploaded successfully in AOL) - REFINANCES* 15 business days
Returned documents received to formal approval - PURCHASES 5 business days

Returned documents received to formal approval - REFINANCES*

   5 business days    

Post approval time frames Current Service Level
Preparation of Loan offer documents (emailed or mailed directly to the client, as per the application form, following Formal Approval) 4 business days
Returned documents reviewed, certified and accepted (we will prioritise certification based on settlement date for purchases) 2 business days
Settlement scheduled and/or completed (following receipt and acceptance of correctly executed documentation) 2 business days