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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?

or

Already a customer banking online with us?

Save time by using your NetBank details. 

Apply in NetBank

New customer or don't bank online with us?

Apply online

or

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

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.