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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 standard loan, or 60% of the property value on a Low Doc Home Loan.

Unlike Lenders’ Mortgage Insurance, where your loan is insured through an external mortgage insurer, a Low Deposit Premium allows us to self-insure your loan. The one-off cost of a Low Deposit Premium is added to your home loan, so you don’t have to pay these additional funds upfront.

Talk to one of our lending specialists by calling 13 2224 or pop into your closest branch to find out if a Low Deposit Premium can help you buy a property if you have a strong income but limited savings.

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 friend or 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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Talk to us

Ready to apply or you would like to discuss your home loan needs?

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.

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