Low Deposit Home Loans
Don’t quite have your deposit ready?
What does this mean?
You could potentially borrow up to 95% of the value of your chosen home, or up to 90% of the value if you're buying or building an investment property. This could save you years of trying to put together a bigger deposit.
Plus, receive a low rate as part of our range of Low Deposit Home Loans.
To be eligible for one of our Low Deposit Home Loans you must be:
- Borrowing at least $150,000.
- Part of the South Australian Education Community, SA Power Networks or a first home buyer.
First home buyers might also be eligible for our $5,000 First Home Buyers Grant*, which is available whether you’re buying a home to live in, or as an investment!
It’s important to keep in my mind that you will need to pay Lenders Mortgage Insurance (LMI) if you take out any of our Low Deposit Home Loans. LMI is a fee when your Loan to Value Ratio (LVR) is over 80%, and it's usually added to your total loan amount, so you don't have to pay it out of pocket.
Start your application now
For a home loan that makes you feel at home – get in touch with us today.
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- Saturdays 8am – 2pm (ACST)
Visit us at 400 King William Street, Adelaide
- Monday to Friday 8am – 5.30pm (ACST)
- Saturdays 10am – 2pm (ACST)
- Sunday – Closed
Low Deposit Home Loans
|Product Name||LVR||Interest Rate||Comparison Rate|
|Investment Low Deposit Variable Home Loan Package^1||0.00% - 90.00%||2.99% pa||3.41% pa|
|Owner Occupied Low Deposit Variable Home Loan Package^1||0.00% - 95.00%||2.99% pa||3.41% pa|
|Owner Occupied 1 Year Fixed Home Loan Package^2||0.00% - 95.00%||2.59% pa||3.64% pa|
|Owner Occupied 2 Year Fixed Home Loan Package^2||0.00% - 95.00%||2.59% pa||3.58% pa|
|Owner Occupied 3 Year Fixed Home Loan Package^2||0.00% - 95.00%||2.59% pa||3.53% pa|
Want to do more with your money?
1Requires minimum new borrowings of $150,000 or more where the loan to value ratio is 95% or less for owner-occupied loans and 90% or less for investment loans. This offer is available only to first home buyers, Education Community members and Workplace Banking Benefits members. Bridging loans are not eligible for this offer. This offer is limited and may be withdrawn at any time.
2Requires minimum new borrowings of $150,000 or more where the loan to value ratio is 95% or less for owner-occupied loans. This offer is available only to first home buyers, Education Community members and Workplace Banking Benefits members. Bridging, construction and investment loans are not eligible for this offer. This offer is limited and may be withdrawn at any time.
^Conditions and annual package fee of $395 applies.
*Lending criteria, fees and conditions apply. Offer is current as at 27/07/2021 and is subject to change. Minimum loan $250,000 to purchase or build a first home with a loan to value ratio over 80%. All loans that are eligible for the First Home Buyers Grant will be subject to pay Lenders’ Mortgage Insurance. To be eligible, applicants must not have previously owned residential property in Australia. Available to natural persons only (i.e. not a trustee or a company).
Conditions, fees and lending criteria apply and are available on request. Comparison rates are based on a $150,000 secured loan for 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Download a copy of our Home Loan Interest Rates, Fees and Charges.