How important is my credit score?

Your credit score is an important check in a pre-approval calculation as it indicates how well you’ve paid off your existing debt in the past. The first thing a bank will do when you apply for finance is check your credit score, so we do this upfront when calculating a pre-approval, but in such a way that it doesn’t negatively impact your credit score.

You’ll see the benefit of good credit behaviour with more favourable home loan terms, such as being offered a lower interest rate once you apply for a home loan.