Phone 1300 66 12 11
 
 100% home loans

There are now a number of lenders on our panel that will lend 100% of the purchase price of a property. We also have access to a lender who will lend up to 106% of a property's purchase price. Please read the matrix below for more information about these no deposit home loans.

 

Once you have read the information below please move on to step 2 of our no deposit home loan qualification process, the eligibility checklist, to find out whether you might qualify for this type of home loan. For information on the interest rates and fees please don't hesitate to call us on 1300 66 12 11.

1 No Deposit Home Loans matrix
Product Name No Deposit Home Loan 100% Home Loan No Deposit Home Loan (zero mortgage insurance) 106% Home Loan (Due to the global liquidity crisis this lender has withdrawn from the market until further notice. So this loan is currently unavailable as at 25th April 2008)
Genuine Savings required No genuine savings required. Grants and gifts can be used to assist for costs (e.g. stamp duty) No genuine savings required. Grants and gifts can be used to assist for costs (e.g. stamp duty) No genuine savings required. Grants and gifts can be used to assist for costs (e.g. stamp duty) No deposit or genuine savings required. Lender will also lend money to pay purchase costs up to a maximum of 106% of the purchase price
Loan Size

Minimum $50,000

Maximum $750,000

Minimum $100,000

Maximum $500,000 (or $600,000 in certain circumstances)

Minimum $50,000

Maximum $750,000

NSW

Houses - $200k to $1M

Units - $200k to $850k

ACT

Houses - $200k to $500k

Units - $200k to $400k

VIC

Houses - $200k to $800k

Units - $200k to $700k

QLD

Houses - $200k to $750k

Units - $200k to $600k

SA

Houses - $200k to $500k

Units - $200k to $350k

NT

Houses - $200k to $450k

Units - $200k to $450k

TAS

Houses - $200k to $550k

Units - $200k to $500k

Available in

See our acceptable location list

Loans of up to $500,000 permitted in metropolitan areas of all mainland states and territories. $600k may be considered where primary applicant has been employed in current job for at least 2 years and has a clear credit record. A few other conditions apply also.

Loans of up to $300,000 permitted in Metropolitan areas of Tasmania and major regional areas on the mainland

See our acceptable location list

NSW, ACT, VIC, QLD, SA, NT & TAS

Will lend in metropolitan areas in these states as well is in some well populated regional locations in NSW, VIC & QLD. Please call to find out whether your location is acceptable.

Loan to Valuation Ratio (LVR) Up to 100% of purchase price 100% of purchase price Up to 100% of purchase price 106% of purchase price
Repayments Weekly, fortnightly or monthly (monthly only for interest only loans) Monthly or fortnightly Weekly, fortnightly or monthly (monthly only for interest only loans) Monthly or fortnightly
Available for PAYG employees and Self employed borrowers (income must be fully verified) PAYG employees and Self employed borrowers (income must be fully verified). Owner occupied only PAYG employees and Self employed borrowers (income must be fully verified). PAYG employees and Self employed borrowers (income must be fully verified).
Interest Offset account Available for variable rate loans only Available for variable rate loans only at some of our lenders Available for variable rate loans only Not available
Redraw Available Available. Some of our lenders offer free redraws of a minimum amount of $1 Available Only available once loan balance is reduced to 80% or less of the property value
Loan Term Up to 30 years Up to 30 years Up to 30 years Up to 30 years
Construction loans Available Some lenders offer a construction option Available Not available
Investment purposes Yes - See below Yes - Applicant must have at least 20% equity in another property Yes - See below Yes
Other

Can be used for investment purposes but the applicant must have at least $100k in net assets (property, cash and shares) or 20% equity in their own home (minimum equity value is $50k).

Exceptions apply to buyers who wish to purchase first property but choose not to live in it and use as an investment due to wanting to continue living with parents or whose work requires them to be mobile.

This lender can consider lending up to 100% of the purchase price against CBD units and studio apartments as little as 25sqm in size on a case by case basis.

Numerous lenders are offering 100% no genuine savings loans now. Please call 1300 66 12 11 for more information.

Can be used for investment purposes but the applicant must have at least $100k in net assets (property, cash and shares) or 20% equity in their own home (minimum equity value is $50k).

Exceptions apply to buyers who wish to purchase first property but choose not to live in it and use as an investment due to wanting to continue living with parents or whose work requires them to be mobile.

No mortgage insurance, mortgage risk fee or loan equalisation fee is payable therefore reducing the amount required upfront to purchase a property. Please call 1300 66 12 11 for more information on this new no deposit home loan option.

This lender can consider lending up to 100% of the purchase price against CBD units and studio apartments as little as 25sqm in size on a case by case basis.

Variable rate and 3 year fixed rate options available.

Will lend in inner city and CBD. Unit size must be a minimum of 50 sq metres.

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2 Once you have read the information on this page move on to step 2 of the no deposit qualification process, the eligibility checklist.
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Bank fees, charges, terms & conditions may be applicable.

* Interest Rates and Fees are subject to change daily.
* All figures are estimates and are a guide only, any additional fees and charges are the responsibility of the applicant(s).
* Loans are approved or declined on their merits by the specified lender and a loan approval is not guaranteed.
* We believe the information in this chart to be correct. However we can give no warranty to this effect and we expressly disclaim any liability for loss or damage by any person acting upon advice contained in this chart.