Before you apply
Check the lending criteria.
Step 1: Get a decision in principle (DIP)
Check the rates and products you could get by using the calculator.
Provide basic details about yourself to get a DIP within minutes.
Step 2: Complete the full application
Once you've received the DIP, you can continue to the full application.
This includes, providing you residential address history, details of any additional applicants and details on the property on which you want a mortgage.
Once this information is provided, it may be subject to a manual underwriting review - you will see a message informing you that someone from Molo will be in touch - typically within 1 working day. If a physical valuation of the property is required, you will be notified and payment will be requested. Once the physical valuation report is received - typically within 5 working days - the application will be progressed.
Step 3: Select the product
Select the term, loan amount and rate.
Step 4: ID verification
Provide a selfie and copy of a valid ID document.
Step 5: Receive mortgage offer
Subject to a quick final review, the mortgage offer will be issued and the conveyancing process can then commence.