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Low Deposit Premium

If you need to borrow more than 80% of the value of the property (as determined by us) for standard loans, or 60% of the value of the property for Low Doc Loans, we are able to offer our Low Deposit Premium (LDP) as an alternative to Lenders Mortgage Insurance (LMI).  

Rather than insuring the loan through an external mortgage insurer, we self-insure your loan by means of LDP, which allows you to borrow more than 80% on a standard loan to purchase the property you want. Essentially LDP provides you with the same opportunity as LMI - to obtain the property with a smaller deposit.

Similar to LMI, this additional home buying cost is added to your loan amount, so you don't have to come up with these additional funds up-front.

Talk to an expert

All we need is your key details and we’ll contact you at your requested time to answer any questions and confirm your appointment or call us on 13 2224.

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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.