No Deposit Loans

This product provides a loan of up to 100% of a property's purchase price or valuation (whichever is the lesser). It is available for both owner-occupiers (including first home buyers) and investors.

This product appeals to borrower's in the following situations:

• A first home buyer who does not want to use their FHOG as a deposit.

• Where saving for a deposit is limited by high rental costs.

• Those who are able to save a deposit, but can't save fast enough to meet the rising cost of homes.

• Those who have already saved enough deposit for a basic home but who can't afford the extras.

• Borrowers wishing to re-establish themselves after a life-changing event, such as a divorce.

• Investors who do not want to use their own home as security for a property purchase.

No deposit loans are generally fully featured products offering redraw, mortgage offset and the ability to have a fixed or variable rate, or a combination of both.