Westpac personal loan application progress

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Westpac personal loan application progress

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Westpac personal loan application progress

Put simply, this means providing two months of bank statements that show the funds being present in the account for that entire duration. Why 60 days. Well, lenders will generally ask for the two most recent bank statements, which cover a span of 60 days, give or take. So anything that occurs prior to those two months of bank statements wont be revealed to the lender. For example, if you plan on using a specific bank account to verify your assets, you may want to move any necessary funds into that account 60-90 days before you apply for a mortgage.

That way the money will be considered seasoned and the average daily balance of the account will be reflected as well. The two most recent westpac personal loan application progress statements wont show those funds transfers if they were completed 60 days earlier, in a prior statement period.

Westpac personal loan application progress