Our Loans | The Loan Approval Process

STAGE	TIMING	DESCRIPTION
Indicative Loan Summary	Issued same day as inquiry	High level summary of loan terms for broker to present to client
Application Form	Client to provide a completed and executed form Provision of all terms as per checklist on application form will see deals progress quicker and allow full due diligence to be completed promptly	Formal application - provides key information for lender to issue indicative Offer Letter
Indicative Offer Letter	Within 24 hours of receiving Application Form	Formal Offer from Assetline setting out terms of advance to Borrower
Valuation	Generally, 2-3 days Instructed as soon as Borrower pays Valuation Fees	Lender values security forming collateral for the loan
Due Diligence	Commences as soon as Indicative Offer Letter is signed	Assetline performs due diligence on Borrower and Transaction
Loan Documents	Instructed as soon as valuation and due diligence are completed. Generally issued to Borrower within 24 hours of instruction	Assetline performs due diligence on Borrower and Transaction
Settlement	Within 48 hours of loan documents returned	Funds advanced to Borrower

STAGE

TIMING

DESCRIPTION

Indicative Loan Summary

Issued same day as inquiry

High level summary of loan terms for broker to present to client

Application Form

Client to provide a completed and executed form
Provision of all terms as per checklist on application form will see deals progress quicker and allow full due diligence to be completed promptly

Formal application - provides key information for lender to issue indicative Offer Letter

Indicative Offer Letter

Within 24 hours of receiving Application Form

Formal Offer from Assetline setting out terms of advance to Borrower

Valuation

Generally, 2-3 days Instructed as soon as Borrower pays Valuation Fees

Lender values security forming collateral for the loan

Due Diligence

Commences as soon as Indicative Offer Letter is signed

Assetline performs due diligence on Borrower and Transaction

Loan Documents

Instructed as soon as valuation and due diligence are completed. Generally issued to Borrower within 24 hours of instruction