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Deposit guarantee

If you’ve found your dream home but your funds are tied up in investments or you’re waiting to sell your existing property, a deposit guarantee offers a convenient and cost-effective alternative to a cash deposit.

  • Allows you to search for your new home and buy quickly without a cash deposit
  • Short-term deposit guarantees are available for up to 6 months, which is useful if you don't have a deposit available for a property you've successfully bid for at auction
  • Long-term deposit guarantees are available from 6 to 48 months, which is useful if you’re buying a property off the plan (one that hasn’t been built yet)
  • Helps you keep your cash investments intact until settlement

For more details on how to apply for a deposit guarantee, make an appointment with a CommBank Home Lending Specialist online, call us on 13 2224 or visit your closest branch.

We can tailor a home loan that's right for you, and provide the tools and insights to meet your needs.

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Already a customer banking online with us?

Save time by using your NetBank details.

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

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Borrowing options

Split the cost of a home with family or friends, while retaining individual control of your finances. Available on most home loans.

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Lenders’ Mortgage Insurance allows you to purchase a property with a smaller deposit, so you can own your home sooner.

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Apply for a loan without the financial statements or tax returns usually required, if you’re self-employed or a small business owner.

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Get the finance you need to buy a new property before you’ve settled on the sale of your existing one.

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Similar to Lenders’ Mortgage Insurance, this additional cost is added to your loan, so you don’t have to come up with these funds upfront.

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Benefit from significant savings on borrowing, everyday banking and insurance services, as a reward for banking with us.

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We can help

Ready to apply or want to discuss your home loan needs?

or

Already a customer banking online with us?

Save time by using your NetBank details. 

 

Make appointment in NetBank

New customer or don't bank online with us?

Make an appointment online

or

Important information

We act as an agent for Vero Insurance Limited to provide Deposit Guarantees. Vero Insurance issues Deposit Guarantees under the registered trademark ‘Deposit Power’. We receive commission for each Deposit Guarantee we sell. You can only apply for a Deposit Guarantee after you have unconditional loan approval (only subject to valuation).