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      CommBank Elite   CommBank Essential  
  Stage   Simple Complex   Simple Complex  
  Pre-Assessment   1 day 1 day   1 day 1 day  
  Credit Assessment*   3 days 3 days   3 days 3 days  
  Document Preparation   2 days   2 days  
  Certifications   1 day   1 day  
  FHOGS   2 days   2 days  
  Progress Payments   2 days   2 days  
  Fundings   1 day   1 day  
                 
                 
  *Note: Please add 3 days for assessment of Homeseeker applications

Applications meeting minimum CommBank standards are being processed within the above time frames. The information is a guideline for expected time to assessment as at date of publication.
 
                 
  Term   Definition    
  Simple   PAYG, <=$2M    
  Complex   LMI, >80% LVR, Company & Trust, Multiple Entities, $>$2m    
  Day   1 full business day    
  Pre-Assessment   Assessment of application to confirm minimum requirements have been met, exceptions will be sent for missing supporting documents    
  Credit Assessment   Full credit assessment of application for decision    
  Document Preparation   Preparation of Loan Documents ready to be mailed or uploaded to Simply Print    
  Certifications   Certification of returned signed Loan Documents. The process of certifying and insuring all signed documents and securities are in order prior to funding or a settlement of a loan.    
  FHOGs   Process FHOGs applications for the relevant State Offices of State Revenue across the relevant states where applicable.    
  Progress Payments   Progressive drawdowns of building loans at different stages of construction of a dwelling.    
  Fundings   Internal drawdown of loans that do not require attendance of a physical settlement.    
Applications meeting minimum CommBank standards are being processed within the following time frames. The information is a guideline for expected time to assessment as at date of publication. Some applications may be assessed +/- 1 business dayApplications meeting minimum CommBank standards are being processed within the following time frames. The information is a guideline for expected time to assessment as at date of publication. Some applications may be assessed +/- 1 business day