Low Deposit Loan

A home loan that lets you
borrow up to 35% more

The Low Deposit Loan offers a low deposit option to buy a home in metropolitan South Australia. It’s a good option for first home buyers, next home buyers or to refinance. To get started, you need clear credit and a good savings history.

Features  
Buy existing Available to buy established homes in metropolitan areas across South Australia. Not available for construction.
Low deposit Deposit costs start at 3% to buy an established property.
Save on Lenders Mortgage Insurance (LMI) We charge a Loan Provision Charge (LPC), which is much less than LMI for most borrowers.
Manageable repayments Our Repayment Safeguard breaks the link between interest rates and repayment amounts.
Interest rate options Choose a variable, fixed or split interest rate. Fixed rates are available for terms of 1-5 years.
No monthly account keeping fees We don’t charge account keeping fees.
Voluntary repayments Fee free voluntary repayments (capped at $10,000 p.a. for fixed rates).
Redraw Available if you have made voluntary repayments.
Repayment holidays Take a break from your loan repayments.
Use your equity As your equity grows, you may have the option to use it to renovate, update or invest in another property.

Download our Low Deposit Loan fact sheet PDF (190KB)

Terms, conditions, and eligibility criteria, fees and charges apply

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South Australia Central Mortgage & Finance Association of Australia