Been looking for a job for 1 year now. Just finished a second interview with a sb last thursday and HR called me on friday and said they are keen for me to join them, shared with me the designation they are pegging me at, asked for my current and expected salary. HR then said they will put my application up for process and approval and get back to me in 3-4 weeks time.

Can i ask if this means a verbal offer (high chance of getting the job) and what does processing the application here means? is it doing up the formal offer doing background checks or there is still a chance of rejection as they are processing me with other candidates.

Any advice will be much appreciated!