Current Service Levels

Current Service Levels
Effective 30 October 2024

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)
Pre-assessment time frames Current Service Level
Initial review (confirmation of mandatory supporting documents uploaded successfully in AOL) 2 business days
Returned documents for subsequent review 2 business days
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