What is pre-qualification?
Prequalification means that a lender or partner has reviewed the initial information you submitted through SuperMoney and determined that you may meet their criteria for a loan or financial product—pending additional verification.
This is a conditional offer, based on a soft credit inquiry and the details you provided (such as income, employment status, and credit profile). Prequalification helps you compare options without affecting your credit score.
What Happens After Prequalification?
If you choose to move forward with a prequalified offer:
- The lender will contact you to complete a full application on their website.
- During that process, they may request additional documents and perform a hard credit check.
- Final approval and funding are determined by the lender after reviewing your full application.