Low Deposit Premium
If you need to borrow more than 80% of the value of the property (as determined by us) for standard loans, or 60% of the value of the property for Low Doc loans, we are able to offer some customers our Low Deposit Premium (LDP) as an alternative to Lenders Mortgage Insurance (LMI).
Rather than insuring the loan through an external mortgage insurer, we self-insure your loan by means of LDP, which allows you to borrow more than 80% on a standard loan to purchase the property you want. Essentially LDP provides you with the same opportunity as LMI - to obtain the property with a smaller deposit.
Similar to LMI, this additional home buying cost is added to your loan amount, so you don't have to come up with these additional funds up-front.
Contact our Home Loan experts to find out if you're eligible.
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Important Information:
Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Fees and charges are payable.
Talk to us
- Locate a branch
- Talk to a mobile banker
- Ask us a question
- Call 13 2224
Talk to us
- Locate a branch
- Talk to a mobile banker
- Ask us a question
- Call 13 2224
Calculators, tools & more
Rates & fees
Did you Know?
Tools and Calculators are a quick and easy way to work out your Home Loan options.
