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What is InstantApply?

InstantApply is Sherlok’s smart fact-find and prequalification tool designed to help brokers quickly assess whether a client’s request is likely to result in a viable loan deal.

It uses real, live data to deliver the most accurate assessment in just minutes, giving brokers the confidence to qualify opportunities early and focus their time where it counts. Brokers and clients can collaborate seamlessly in the platform, accelerating the application process while reducing manual back-and-forth.

🎯 What Problem Does It Solve? 

Traditional loan fact-finding and data gathering is time-consuming and manual — often requiring multiple calls, emails, and document exchanges. This results in: 

  • Delays in loan processing 
  • Incomplete or inaccurate information 
  • A poor client experience 

Instant Apply solves this by enabling clients to directly and securely submit verified financial data — including bank statements and credit reports — using an intuitive, mobile-friendly platform. 

 

🔄 Continuous Data Updates 

As long as client consent is active, Open Banking data automatically updates over time — meaning you always have current financial information. 

 

🔍 Integrated Product Comparison 

Brokers can run product comparisons directly in Sherlok: 

  • Create a scenario (e.g., refinance, dollar-for-dollar) 
  • Run comparisons using live market data 
  • Supports split scenarios (fixed/variable loan types) in one run 
  • Identifies cheapest lender based on your client’s structure 
  • Send to CRM with your assessment

  

💸 Cost 

InstantApply is currently free to use while in Beta and included with your existing Sherlok subscription. 

Need more help? Book a demo here or contact us at brokersupport@sherlok.com.au