Low Deposit Home Loans

Competitive Low Deposit Home Loans

Getting approved for low deposit home loans or even no deposit home loans isn't always easy – but it is possible. At Rapid Finance, we could help you secure a home loan without a large cash deposit. Working with us means having access to:

  • 5% minimum deposit home loans
  • No deposit home loans (possible in some cases)
  • No doc and low doc home loans
  • A fast online application process
  • Home loan approvals on Centrelink possible
  • Home loans for first home buyers
  • Affordable terms to suit your finances
  • Must earn over $700 per week (income/ benefits)

Stamp duty prices will depend on your state. First home buyers may be able to take advantage of stamp duty exemptions in Victoria, NSW and Queensland. Contact us for more information.

Speak with a home loan specialist on 1300 467 274

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What are Low Deposit Home Loans?

In Australia, low deposit home loans allow buyers to purchase property with less than the typical 20% deposit. The minimum deposit to get into a property is generally 5% + stamp duty*. These loans are particularly beneficial for first-time buyers or those who can't afford (or wait to save up) a large deposit. However, borrowers are usually required to pay Lenders Mortgage Insurance (LMI), an extra cost that protects the lender if the borrower can't repay the loan. While LMI increases the loan's overall cost, these low deposit options enable Australians to enter the housing market sooner, even with smaller savings.

*A larger deposit may be required, depending on your chosen property and your circumstances. For information specific to your situation, speak with one of our home loan specialists today.

A Loan That's Right For You

Low or no deposit home loans that work for you

At Rapid Finance, our home finance specialists could compare a range of finance products to find no or low deposit home loans that are right for you, your budget and your circumstances.

Why choose Rapid Finance?

Stop renting. We may be able to help you to buy the home you've been dreaming about faster. Contact us today for more information or to get a free finance assessment.

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Please note: This is an estimate provided for illustrative purposes only, and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees such as early repayment costs and establishment fees are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.

Rapid Resources

First Home Buyer’s Guide

We share our property purchasing tips for potential first home buyers. Start your journey here.

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Property Stamp Duty by State and Value

Confused about stamp duty and government charges involved in buying a house? You're not alone. In our state-by-state breakdown, we outline the fees and charges you'll encounter when buying property in Australia.

Read more

Low or No Deposit Home Loans. Are They Possible?

It may be possible for you to get a low or no deposit home loan. It depends on your situation and on your individual circumstances. Read more.

Read more

Low Deposit Home Loan FAQs