How to borrow with a 5 to 10% deposit

Mozo

08 Oct 2018

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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. Advertiser disclosure.

  • loans.com.au

    2.88% p.a.
    fixed 3 years

    2.89% p.a.

    $1234

    Product details Close details
    Fixed Home Loan

    Owner Occupier, Principal & Interest

    2.88% p.a.
    fixed 3 years

    2.89% 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.

    • $0.00

    • $0.00

    • yes - free up to $10,000 p.a.

    • no

    • no

    • $520

    • 2.88% p.a.
      fixed 3 years

    • 2.89% p.a.

    • $520

    • 90.00%

    • $50,000

    • $1,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Home Loan

    Details Close

  • Suncorp

    2.69% p.a. variable

    2.70% p.a.

    $1234

    Product details Close details
    Back to Basics Special

    LVR<90%, Owner Occupier, Principal & Interest

    2.69% p.a. variable

    2.70% 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.

    • $0.00

    • $350.00

    • Yes - free

    • yes - free

    • no

    • $0

    • 2.69% p.a. variable

    • 2.70% p.a.

    • $0

    • 90.00%

    • $150,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Back to Basics Special

    Details Close

  • Well Home Loans

    2.87% p.a. variable

    2.90% p.a.

    $1234

    Product details Close details
    Well Balanced

    Investor, Principal & Interest, LVR <90%

    2.87% p.a. variable

    2.90% p.a.

    Well Balanced

    • $0.00

    • $300.00

    • yes - free

    • yes - free

    • Optional - $10 per month

    • $785

    • 2.87% p.a. variable

    • 2.90% p.a.

    • $785

    • 90.00%

    • $200,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Investor

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Well Balanced

    Details Close

  • Suncorp

    2.19% p.a.
    fixed 3 years

    3.03% p.a.

    $1234

    Product details Close details
    Fixed Home Loan Special Offer Home Package Plus

    Owner Occupier, Principal & Interest

    2.19% p.a.
    fixed 3 years

    3.03% p.a.

    No monthly account keeping fees & No loan establishment fee. Get up to $3,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan. T&Cs & eligibility criteria apply.

    Fixed Home Loan Special Offer Home Package Plus

    No monthly account keeping fees & No loan establishment fee. Get up to $3,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan. T&Cs & eligibility criteria apply.

    • $375.00 yearly

    • $350.00

    • yes - free up to $500 per month

    • no

    • no

    • $0

    • 2.19% p.a.
      fixed 3 years

    • 3.03% p.a.

    • $0

    • 90.00%

    • $150,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Home Loan Special Offer

    Details Close

  • Well Home Loans

    2.52% p.a. variable

    2.55% p.a.

    $1234

    Product details Close details
    Well Balanced

    Owner Occupier, Principal & Interest, LVR <90%

    2.52% p.a. variable

    2.55% p.a.

    A low rate home loan for variable owner occupied loans, up to 90% LVR and no ongoing fees. Winner of a Mozo Experts Choice Award 2019 for the Best New Home Loan.^

    Well Balanced

    A low rate home loan for variable owner occupied loans, up to 90% LVR and no ongoing fees. Winner of a Mozo Experts Choice Award 2019 for the Best New Home Loan.^

    • $0.00

    • $300.00

    • yes - free

    • yes - free

    • Optional - $10 per month

    • $785

    • 2.52% p.a. variable

    • 2.55% p.a.

    • $785

    • 90.00%

    • $200,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Well Balanced

    Details Close

^See information about the Mozo Experts Choice Home loans Awards

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