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Low Deposit Premium

If you have a smaller deposit, a Low Deposit Premium allows you to borrow more than 80% of the property value (as determined by us) on a home loan.

Low Deposit Premium is charged by us in connection with the increased risk associated with a home loan where the loan to value ratio exceeds 80%. The one-off cost of a Low Deposit Premium is added to your home loan, so you don’t have to pay the additional cost upfront. You aren’t required to pay Lenders’ Mortgage Insurance if a Low Deposit Premium is payable.

If you’re borrowing less than 80% of the property value on a home loan, you won’t need to pay the Low Deposit Premium.

Talk to one of our lending specialists by calling 13 2224 or visit your nearest branch to find out if a Low Deposit Premium can help you buy a property.

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

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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 home loan without the financial statements or tax returns usually required, if you’re a self-employed customer or 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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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.