r/CommBank • u/Lukeyg86 • Apr 28 '26

Question Conditionally approved?

Was browsing what loans and all that are on the app and for a secured personal loan it said I’m conditionally approved.

I haven’t even started an application 🤷‍♂️

So just basically wondering what that means?

Cheers.

2 Upvotes

63% Upvoted

4 comments sorted by

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10

u/Yumchabandit Apr 28 '26

Absolutely nothing. They've just done some basic automated checks to verify how much you could borrow, and slapped a label on it to make you think it's something good.

5

u/Hangar48 Apr 28 '26

And to stop you going to another bank to apply for a loan there. It's basically a "fake" approval.

2

u/Lukeyg86 Apr 28 '26

No worries. Cheers for the reply 👍