A Low Deposit Premium (LDP) is a one-off, non-refundable, non-transferrable bank fee that we add to low deposit home loans. Designed to reflect the risk associated with low deposit loans, LDP is calculated based on the size of your deposit and how much you borrow. The more you contribute to the purchase price of your property, the lower the cost will be.
LDP protects the bank against any loss we may incur if you are unable to repay your loan.
The circumstances of your home loan will determine whether it incurs LDP or Lenders Mortgage Insurance (LMI). You will only need to pay for one – not both.
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Our Home Lending Specialists can help explain when Low Deposit Premium may apply on your home loan, as well as how much it will cost.
Similar to Low Deposit Premium, this additional cost can help you get your home loan with a smaller deposit.
Split the cost of a home with family or friends, while keeping individual control of your finances. Available for most home loans.
A family member can help you secure a home loan by mortgaging their own property as additional security.
You may be able to buy your first home sooner with a smaller deposit.
Book a time that suits you to speak to one of our Home Lending Specialists instantly.
Our Mobile Lenders will meet you at a time and place that suits you.
Our Home Lending Specialists can be found at more than 950 branches across Australia.
