Quick answer
Funding within 24 hours works when every stage runs back to back: a complete application, a call from a specialist within hours, ID and bank statements supplied the same day, a quick assessment and, for property loans, a desktop valuation, then signed documents and settlement. Our aim is funds within 24 hours of your first application. Most delays come from missing documents or property complications, not the assessment itself.
Key points
- The 24 hours start at your first application.
- Every stage depends on the one before — a missing document stops the clock.
- Unsecured files mostly hinge on bank statements; secured files on title and valuation.
- It's an aim, realistic for complete files — not a guarantee.
- Application
- About 60 seconds
- First call
- Within hours
- Our aim
- Funds within 24 hours
- Credit check
- Only once you decide to proceed
“Funded within 24 hours” sounds like a marketing line until you see what actually happens in those hours. There’s no shortcut and no magic — just a sequence of steps that can run one after another, without waiting, when everything is in place. This page walks through each step so you know what to expect and where your own file could slip.
What has to happen between applying and being funded?
Every business loan, fast or slow, goes through the same stages: application, conversation, documents, checks, assessment, offer, signing and settlement. Banks often spread these over weeks, with each stage waiting in a queue. A 24-hour timeline simply removes the waiting.
| Stage | Who does it | Typical time when nothing’s missing |
|---|---|---|
| Application | You | About 60 seconds |
| First call | Finance specialist | Within hours |
| Documents | You | As fast as you can send them |
| Identity and business checks | Lender | Hours |
| Credit check (with your consent) | Lender | Minutes |
| Valuation (property loans) | Valuer | Hours for a desktop valuation |
| Assessment and offer | Lender | Hours |
| Signing | You (and guarantors) | Same day |
| Settlement and funds | Lender, settlement agents | Hours |
What happens in the first few hours?
You apply with the basics: how much, what for, which state, how long you’ve been trading, and whether property is involved. A specialist reads it and calls you — this call matters more than anything else in the first few hours. It’s where the specialist confirms the real need, chooses the fastest sensible product, and tells you exactly which documents will move it.
If you have the documents ready, you can often send them during or straight after the call. If you’re reading this before applying, it’s worth gathering them first — see documents to have ready — and then start your application.
What happens in the middle of the day?
This is the checking stage.
- Identity. Every director, borrower and guarantor is verified.
- Business. ABN, ACN and registration details are confirmed against public registers.
- Bank statements. Read for turnover, conduct and other debts. Many lenders can now take these through a secure data link — under the Consumer Data Right, for example, sharing banking data is opt-in and you choose who sees it. See bank statements and open banking.
- Credit. Only once you’ve agreed to proceed. The enquiry itself involves no credit check.
- Property (secured loans). A title search and, usually, a desktop valuation — see fast property valuations.
How do the offer and settlement work?
If the deal fits, the lender issues a written offer with every fee, the term and the conditions. Read it — speed shouldn’t mean skipping this. Once you accept, loan documents are prepared and signed, often electronically.
For unsecured loans, funds can be released soon after signing. For property-secured loans, the mortgage or caveat is registered and settlement happens, usually electronically, with funds paid to you or directly to whoever you’re paying — the ATO, a supplier, a seller. Our page on settlement and funds release covers this last stretch.
What does a realistic 24-hour timeline look like?
An illustrative example for a property-secured caveat loan:
- 8.40pm Tuesday — the owner of a Sunshine Coast plumbing business applies for $95,000 to clear a BAS debt and cover wages, mentioning a home with good equity.
- 8.15am Wednesday — a specialist calls; ID, rates notice, home loan statement and statements are sent by 9.30am.
- 11.00am — checks done; desktop valuation ordered.
- 2.30pm — valuation back; offer issued.
- 4.00pm — documents signed electronically.
- Thursday morning — caveat lodged and funds released; the ATO is paid directly.
That’s within about 24 hours of the evening application. Take away the home loan statement, or add a property held in a family trust, and the same deal could take three or four days.
Why is it an aim and not a guarantee?
Because some things aren’t in anyone’s control: a valuer needs to inspect in person, an existing lender is slow to provide a payout figure, a title has an old caveat that needs removing, or a credit check turns up something nobody mentioned. We’d rather tell you that on the first call than promise a timeline the file can’t meet. Our page on what slows funding down lists the usual culprits, and the Funding Clock estimates your own timeline.
What can you do to keep your file on the 24-hour track?
Four simple things make the biggest difference: apply with accurate details, have ID and six months of statements ready before the call, answer your phone the morning after applying, and tell the specialist about anything unusual straight away. Owners who do all four are the ones most often funded within the day.
How is this different from a bank’s process?
The steps are much the same. The difference is queuing. A bank file often waits days between each step for the next team to pick it up. On a 24-hour track, the same person or small team carries the file from call to settlement, and each step starts as soon as the last one finishes. That’s also why a complete file matters: a missing document stalls the whole chain.
Start your 24 hours
The fastest way to be funded tomorrow is to apply today with accurate details and your documents nearby. There’s no credit check to ask, your details aren’t pushed out to a mob of lenders, and a real person picks up your file and calls you. Apply now and the clock starts.
How it works, step by step
- 1
Hour 0 — application
You apply online with the amount, purpose, state, trading details and any property. No credit check yet.
- 2
Hours 1–3 — the call
A finance specialist calls, confirms the details, picks the fastest sensible option and tells you exactly which documents to send.
- 3
Hours 2–8 — documents and checks
You send ID and bank statements (and property details if secured). Identity, business and, with your consent, credit checks are run.
- 4
Hours 6–14 — assessment and offer
The lender assesses the deal; for property loans a desktop valuation is ordered. If it fits, a written offer follows.
- 5
Hours 12–24 — sign and settle
You sign the documents, security is registered where needed, and funds are released to you or the party you're paying.
Frequently asked questions
When does the 24-hour clock start?
From your first application. That's why applying early — even at night — and having documents ready makes such a difference.
Do weekends and public holidays count?
Applications can be made any time, but assessment, valuations and settlements run on business days. An application on Saturday is usually worked on from Monday morning.
Which part of the process takes longest?
For unsecured loans, usually getting complete bank statements. For property loans, usually the valuation or a payout figure from an existing lender.
Can I speed it up?
Yes: apply with accurate details, have ID and statements ready, answer the specialist's call, and mention anything unusual upfront. The documents checklist covers the details.