ooba maintains the best quality applications in the industry, along with the best processing systems and
methodologies, ensuring that ooba delivers the highest quality approval rate with the least delays. For access to multiple lenders and experts who know how to position the bond for optimal success, partner with ooba. ooba has the capability to motivate and escalate bonds with our banking partners, ensuring that the bond has the highest probability of being granted. Some relevant statistics for the month of August 15 follows. These statistics are being shared to give you insight into the current lending environment so buyers’ expectations can be effectively managed.
1. Successful bond approval rate by one bank:
- August 2015 57.2%
- August 2014 53.7%
- Change year-on-year 3.5%
- July 2015 58.7%
- Changemonth-on-month -1.5%
The most favourable approval rate was 64.3% and the least favourable was 48.8%. Whilst there has
been an increase in approval rates for applications with deposits, this is being marginally offset by the
escalating percentage of applications for 100% bonds, which banks are still cautious on, and which
have lower approval rates.
2. Additional successful bond approval rate by multiple banks:
- August 2015 29.5%
- August 2014 30.8%
- Change year-on-year -1.3%
- July 2015 32.1%
- Change month-on-month 2.6%
This signifies the opportunity to secure an approval from another bank on applications initially
declined by one bank.
3. Total bond approval rate across all banks:
- August 2015 72.2%
- August 2014 72.0%
- Change year-on-year 0.2%
- July 2015 73.2%
- Change month-on-month -1.0%
4. Bank Turn-Around Times: (Percentage of Loans Granted with 5 Days)
- August 2015 90.5%
- July 2015 89.9%
- June 2015 89.1%
- May 2015 83.0%
- April 2015 82.0%
The fastest service delivery by an individual bank was a 5 day grant ratio of 95.6%. The slowest
service delivery by a bank was a 5 day grant ratio of 90.5%
5. Average Weighted Rate Concession:
- August 2015 0.31%
- August 2014 0.55%
- Change year-on-year -0.24%
- July 2015 0.37%
- Change month-on-month -0.06%
6. Average Rate Concession in the Top 10th Percentile:
- August 2015 -0.95%
- August 2014 -0.84%
- Change year-on-year -0.11%
- July 2015 -0.90%
- Change month-on-month -0.05%
7. Average Deposit:
- August 2015 13.2%
- August 2014 17.1%
- Change year-on-year -22.8%
- July 2015 11.5%
- Change month-on-month 14.8%
