How to borrow with a 5 to 10% deposit
Mozo
08 Oct 2018
Looking to make your first move into the property market? A low deposit home loan could be your ticket to home ownership. If you've got a 5% or 10% deposit saved up, you'll be relieved to hear that plenty of lenders are still offering competitive low deposit home loans to first home buyers.
Compare home loans that require just a 5% or 10% percent deposit using the table below, and find out how you can buy that first property faster.
Low Deposit Home Loan Comparisons - rates updated daily
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Promoted
loans.com.au2.79% p.a. variable
2.81% p.a.
$1234
Product details Close detailsloans.com.auEssentials Variable 90
Owner Occupier, Principal & Interest
2.79% p.a. variable
2.81% p.a.
This low-rate home loan that could save you thousands! With no monthly or ongoing fees and the ability to make unlimited additional repayments. This home loan from popular online lender loans.com.au also features unlimited free redraws with no minimum redraw amount.
Essentials Variable 90
This low-rate home loan that could save you thousands! With no monthly or ongoing fees and the ability to make unlimited additional repayments. This home loan from popular online lender loans.com.au also features unlimited free redraws with no minimum redraw amount.
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$0.00
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$0.00
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yes - free
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yes - free
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no
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$520
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2.79% p.a. variable
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2.81% p.a.
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$520
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90.00%
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$50,000
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$2,000,000
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Variable
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Essentials Variable 90
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Promoted
Suncorp2.78% p.a. variable
2.79% p.a.
$1234
Product details Close detailsSuncorpBack to Basics Special
LVR<90%, Owner Occupier, Principal & Interest
2.78% p.a. variable
2.79% p.a.
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply. Minimum 10% deposit.
Back to Basics Special
No monthly account keeping fee, no ongoing annual fee and no loan establishment fee on new lending of $150,000 or more. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply. Minimum 10% deposit.
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$0.00
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$350.00
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Yes - free
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first redraw per month free
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no
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$0
-
2.78% p.a. variable
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2.79% p.a.
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$0
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90.00%
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$150,000
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-
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Variable
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Refinance from another lender to receive a $2,000 cash bonus for loans of at least $250,000 or $3,000 bonus for loans over $750,000. Available for loans with an LVR <90% and applications made by 18 December 2020 and settled by 26 March 2021.
Read our Mozo Review to learn more about the Back to Basics Special
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Promoted
IMB Bank2.39% p.a.
fixed 3 years3.08% p.a.
$1234
Product details Close detailsIMB BankFixed Home Loan
Owner Occupier, Principal & Interest
2.39% p.a.
fixed 3 years3.08% p.a.
The IMB Fixed Rate Home Loan gives you peace of mind with the security of fixed loan repayments. You can also pay up to 12 months repayments in advance without penalty.
Fixed Home Loan
The IMB Fixed Rate Home Loan gives you peace of mind with the security of fixed loan repayments. You can also pay up to 12 months repayments in advance without penalty.
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$6.00 monthly
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$350.00
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yes - free up to 1 year in advance
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yes - free
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no
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$799
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2.39% p.a.
fixed 3 years -
3.08% p.a.
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$799
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90.00%
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$10,000
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$5,000,000
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Fixed
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Fixed Home Loan
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Promoted
AMP Bank2.49% p.a.
fixed 3 years3.07% p.a.
$1234
Product details Close detailsAMP BankFixed Rate Loan Professional Package
Owner Occupier, Principal & Interest
2.49% p.a.
fixed 3 years3.07% p.a.
Enjoy a fixed rate with the AMP Bank Professional Package Home Loan. Minimum 20% deposit required. Other rates available for interest only option. Pre-qualify today.
Fixed Rate Loan Professional Package
Enjoy a fixed rate with the AMP Bank Professional Package Home Loan. Minimum 20% deposit required. Other rates available for interest only option. Pre-qualify today.
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$349.00 yearly
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$350.00
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yes - free up to $10,000 p.a.
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no
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no
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$295
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2.49% p.a.
fixed 3 years -
3.07% p.a.
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$295
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80.00%
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$100,000
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$499,999
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Fixed
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Fixed Rate Loan
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Promoted
Yard2.65% p.a. variable
2.68% p.a.
$1234
Product details Close detailsYardVariable Home Loan
Owner Occupier, Principal & Interest
2.65% p.a. variable
2.68% p.a.
Yard’s low-rate variable home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Only a 10% deposit needed.
Variable Home Loan
Yard’s low-rate variable home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Only a 10% deposit needed.
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$0.00
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$500.00
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yes - free
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yes - free
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Optional - $10 per month
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$835
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2.65% p.a. variable
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2.68% p.a.
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$835
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90.00%
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$150,000
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$5,000,000
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Variable
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Variable Home Loan
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Promoted
Suncorp2.49% p.a.
fixed 3 years3.28% p.a.
$1234
Product details Close detailsSuncorpFixed Home Loan Special Offer Home Package Plus
Owner Occupier, Principal & Interest
2.49% p.a.
fixed 3 years3.28% p.a.
No monthly account keeping fees & No loan establishment fee. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply.
Fixed Home Loan Special Offer Home Package Plus
No monthly account keeping fees & No loan establishment fee. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply.
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$375.00 yearly
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$350.00
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yes - free up to $500 per month
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no
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no
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$0
-
2.49% p.a.
fixed 3 years -
3.28% p.a.
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$0
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90.00%
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$150,000
-
-
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Fixed
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Refinance from another lender to receive a $2,000 cash bonus for loans of at least $250,000 or $3,000 bonus for loans over $750,000. Available for loans with an LVR <90% and applications made by 18 December 2020 and settled by 26 March 2021.
Read our Mozo Review to learn more about the Fixed Home Loan Special Offer
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Promoted
loans.com.au2.88% p.a.
fixed 3 years2.89% p.a.
$1234
Product details Close detailsloans.com.auFixed Home Loan
Owner Occupier, Principal & Interest
2.88% p.a.
fixed 3 years2.89% p.a.
This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.
Fixed Home Loan
This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.
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$0.00
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$0.00
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yes - free up to $10,000 p.a.
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no
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no
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$520
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2.88% p.a.
fixed 3 years -
2.89% p.a.
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$520
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90.00%
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$50,000
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$1,000,000
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Fixed
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Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Fixed Home Loan
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