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
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.
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.
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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 30 September 2020 and settled by 29 December 2020.
Read our Mozo Review to learn more about the Back to Basics Special
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Promoted
Newcastle Permanent2.72% p.a. variable
2.76% p.a.
$1234
Product details Close detailsNewcastle PermanentSpecial Real Deal Home Loan
Owner Occupier, Principal & Interest
2.72% p.a. variable
2.76% p.a.
No ongoing fees. Ability to split your loan between fixed and variable. Winner of Mozo Experts Choice Award 2019 for First Home Buyer Loan & Investor Home Loan^.
Special Real Deal Home Loan
No ongoing fees. Ability to split your loan between fixed and variable. Winner of Mozo Experts Choice Award 2019 for First Home Buyer Loan & Investor Home Loan^.
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$0.00
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$0.00
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yes - free
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yes - fees apply
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yes - partial only
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$0
-
2.72% p.a. variable
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2.76% p.a.
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$0
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80.00%
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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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Read our Mozo Review to learn more about the Special Real Deal Home Loan
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Promoted
People's Choice Credit Union2.69% p.a. variable
2.69% p.a.
$1234
Product details Close detailsPeople's Choice Credit UnionBasic Variable Home Loan
LVR<80%, Owner Occupier, Principal and Interest, >$150k
2.69% p.a. variable
2.69% p.a.
A People’s Choice Basic Variable home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate and no upfront or ongoing fees. It also allows you to have the freedom to make extra repayments to pay off your loan sooner.
Basic Variable Home Loan
A People’s Choice Basic Variable home loan allows you to enjoy a simple, non-complicated home loan with a competitive rate and no upfront or ongoing fees. It also allows you to have the freedom to make extra repayments to pay off your loan sooner.
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$0.00
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$350.00
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yes - free
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yes - free
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no
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$0
-
2.69% p.a. variable
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2.69% p.a.
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$0
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80.00%
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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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Read our Mozo Review to learn more about the Basic Variable Home Loan
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Promoted
Yard2.66% p.a. variable
2.69% p.a.
$1234
Product details Close detailsYardVariable Home Loan
Owner Occupier, Principal & Interest
2.66% p.a. variable
2.69% 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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2.66% p.a. variable
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2.69% 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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