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Lenders’ Mortgage Insurance

Lenders’ Mortgage Insurance can help you buy your home sooner, if you have a smaller deposit.

It's a one-off cost that's added to your home loan (so you don’t have to pay anything upfront) and allows you to borrow more than 80% of the property value for standard home loans, or 60% of the property value for Low Doc Home Loans.

For example, if you want to buy a house that’s $500,000 and you have a deposit of $60,000, we could normally only lend you $400,000 towards the price of the property. However, if your income could support the loan and you took advantage of Lenders’ Mortgage Insurance, we could lend you the full $440,000 that you need to buy your new home*.

Lenders’ Mortgage Insurance is designed to protect us against the risks of providing you with a home loan, in the event that you default on repayments.

Speak with a Home Lending Specialist to see how Lenders' Mortgage Insurance can benefit you, by making an appointment 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.

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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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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A family member can help you secure a home loan by mortgaging their own property as additional security.

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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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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?


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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.

*Illustrative only.