How to borrow with a 5 to 10% deposit

Mozo

08 Oct 2018

Low deposit home loan article image content

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

    2.08% p.a. variable

    2.36% p.a.

    $1234

    Product details Close details
    Green Home Loan

    Owner Occupier

    2.08% p.a. variable

    2.36% p.a.

    Great low rate on investment loans when you package with your owner-occupied loan.

    Green Home Loan

    Great low rate on investment loans when you package with your owner-occupied loan.

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • yes - 0.10% loading

    • $520

    • 2.08% p.a. variable

    • 2.36% p.a.

    • $520

    • 90.00%

    • $50,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

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

    Details Close

  • 86 400

    2.19% p.a.
    fixed 3 years

    2.89% p.a.

    $1234

    Product details Close details
    Own Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR <85%

    2.19% p.a.
    fixed 3 years

    2.89% p.a.

    Own Home Loan

    • $250.00 yearly

    • $0.00

    • yes - free up to $20,000 per fixed rate term

    • yes - free

    • yes

    • $250

    • 2.19% p.a.
      fixed 3 years

    • 2.89% p.a.

    • $250

    • 85.00%

    • -

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    • $2,000 cashback for eligible home loans of at least $250,000 with applications received by 30 September 2021 and settled before 31 November 2021.

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

    Details Close

  • Well Home Loans
    Mozo Expert Choice Badge" style="width:60px;">

    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 great value low rate home loan for variable owner occupiers. Free extra repayments and free redraw facility. No ongoing fees. Option for a split account available. Up to 90% LVR. Winner of the Offset Home Loan Expert's Choice Award for 2021.

    Well Balanced

    A great value low rate home loan for variable owner occupiers. Free extra repayments and free redraw facility. No ongoing fees. Option for a split account available. Up to 90% LVR. Winner of the Offset Home Loan Expert's Choice Award for 2021.

    • $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

  • Suncorp

    2.59% p.a. variable

    2.60% p.a.

    $1234

    Product details Close details
    Back to Basics Special

    LVR<90%, Owner Occupier, Principal & Interest

    2.59% p.a. variable

    2.60% 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

    • 2.59% p.a. variable

    • 2.60% 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

  • Great Southern Bank

    1.97% p.a.
    fixed 3 years

    3.86% p.a.

    $1234

    Product details Close details
    Fixed Rate Loan

    Owner Occupier, Principal & Interest

    1.97% p.a.
    fixed 3 years

    3.86% p.a.

    No annual or ongoing monthly fees. Fee free extra repayments. Free redraw facility.

    Fixed Rate Loan

    No annual or ongoing monthly fees. Fee free extra repayments. Free redraw facility.

    • $0.00

    • $500.00

    • yes - up to $5,000 during fixed rate term

    • yes - free

    • no

    • $835

    • 1.97% p.a.
      fixed 3 years

    • 3.86% p.a.

    • $835

    • 95.00%

    • $10,000

    • $5,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Monthly

    • Receive $3,000 cashback and have the establishment fee waived when you refinance with Great Southern Bank before 31 October 2021 and settle the loan before 31 January 2022, min lending of $250,000 and maximum 80% LVR.

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

    Details Close

  • Suncorp

    2.09% p.a.
    fixed 3 years

    2.96% p.a.

    $1234

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

    Owner Occupier, Principal & Interest

    2.09% p.a.
    fixed 3 years

    2.96% 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

    • 2.09% p.a.
      fixed 3 years

    • 2.96% p.a.

    • $0

    • 90.00%

    • $150,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    • Receive $3,000 cashback when you refinance an existing home loan of 750K or more with an LVR less than or equal to 90%. Must apply by 30 November 2021 and settle by 28 February 2022.

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

    Details Close

  • Well Home Loans
    Mozo Expert Choice Badge" style="width:60px;">

    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.

    Low variable rate home loan for Investors up to 90% LVR with no ongoing fees, free extra repayments and redraw facilities. Winner of the Offset Home Loan Expert's Choice Award for 2021.

    Well Balanced

    Low variable rate home loan for Investors up to 90% LVR with no ongoing fees, free extra repayments and redraw facilities. Winner of the Offset Home Loan Expert's Choice Award for 2021.

    • $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

^See information about the Mozo Experts Choice Home loans Awards

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