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What does it mean to prequalify for a home loan?

Prequalifying for a home loan allows you to get an estimate on your borrowing capacity before you apply for a home loan.

In only minutes, we can tell you your borrowing power for a home loan, so you can start your home buying journey with confidence knowing what you can afford.

Fill out our online form in 2 mins to see if you prequalify.


Why should I prequalify?

There are many benefits of getting prequalified for a home loan, including:

  • Gaining confidence to apply for a specific loan amount
  • Knowing what properties you may be able to afford when house hunting
  • It shows lenders you're serious about applying for a home loan
  • Prequalifying isn't pre-approval, so it won't appear on your credit report.
Get prequalified

In less than five minutes, you can find out if you're likely to qualify for a low rate loan.

Chat to a lending specialist

Our friendly home loan specialists are here to help. Book a call to get all your home loan questions answered.

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How to get prequalified

Our prequalification process is online, easy, and requires no credit check. All you need to do is answer a few quick questions about yourself and your financial situation, and you’ll get an instant response.

You’ll know an estimate of your borrowing costs, including stamp duty and Lenders Mortgage Insurance (LMI). We’ll also tell you if you’re eligible for government home buying grants available in your state.

Eligibility requirements

To be eligible to prequalify for a home loan, you must be:

  • 18 years old or over
  • Employed full time, part time or self employed
  • Looking to borrow a minimum of $50,000
  • Seeking a loan to purchase or refinance a residential property or construct a dwelling
  • An Australian or New Zealand citizen or permanent resident

What to I need?

To prequalify, you don’t to submit any documents.

However, we do need some general details to give you an estimate, including:

Your name and contact details

Details of your income, expenses and liabilities

Details of the property you’ve found, or the type of property you want to buy


The prequalification process is completely free.

After you’ve prequalified and have found a property you’d like to purchase, the next step is arranging your loan approval.

Applying as a couple doesn’t impact if you can prequalify for a loan. If there are more than two borrowers, please call us on 1300 471 786

Yes, you can prequalify for a loan if you’re self employed.

Getting prequalified does not impact your credit score.

Prequalification is a quick and easy online process that gives you an estimate of your borrowing capacity. Preapproval is a longer process that requires documentation and a credit check and tells you what you can actually borrow.

Our process

To prequalify for a loan with us, all you need to do is complete our easy online application form, which takes less than five minutes. Your details will be quickly assessed, and you'll be notified if you prequalify and your borrowing potential.

Apply online

Fill out our application online or talk to one of our Australian-based lending specialists to do the hard work for you.

Goodbye paperwork!

Login to onTrack and easily upload the required documents. Plus, you can track your application through to approval.

Settle & save

Our innovative online process gets you to settlement quickly, so you can start saving thousands sooner.

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Whether you're upgrading to a roomier home or have found a cheap home loan interest rate from another provider, refinancing your home loan could be on your horizon. 

Important information

Please note prequalification does not guarantee loan approval with loans.com.au. Prequalification gives you an estimation of your potential borrowing capacity for a loan and is based on the details provided on the application form. To get a realistic estimation, ensure you enter all required information and details correctly.

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