home loans

Low Deposit Loan

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.