Low Deposit Home Loans

Low Deposit - Prime home loans for borrowers with a good credit history.

Low Deposit Home Loan – At a glance

Direct Credit’s own Low deposit home loan can cater to borrowers who have little in the way of a deposit

Your would need a minimum 5% deposit saved up as genuine savings to contribute toward your purchase. If you do not have 5% genuine savings to contribute, your equity contribution may be by way of a gift from a family member, sale of an asset like a vehicle or First Home Owners Grant. The lenders mortgage insurance premium can be capitalised up to a maximum of 98% loan to value ratio.

Most lenders in the current market will lend you a maximum of 95% of the property value, plus you also have to find the 3+% lenders mortgage insurance premium as well. Direct Credit will capitalise most of the LMI fee up to 98%, which means you need less deposit to get in to the market today!

Features & Criteria – Low Deposit Home Loan

Loan Product Features –

  • Dynamic Repayments
  • Redraw
  • 100% Offset
  • Split Loan Facility
  • Internal Portion Transfer (if a split loan)
  • Loan Access System
  • Loan Access Card
  • Inward BPAY
  • BPAY
  • Outward Third Party Debits
  • Internet account access

Criteria –

  • PAYG Full doc loan – 12 months in current position
  • Self Employed – 2 years full taxation returns and ATO notice of assesments
  • Clear credit history
  • Established residential securities only (No vacant land or construction)
  • Owner Occupied Only with Principle and interest repayments (No interest only option)
  • 5% deposit held by way of gift or evidenced in bank account
  • Lenders mortgage insurance can be capitalised above 95% to a maximum of 98%
  • Metro and Major regional areas only – Inner city high density units may be considered case by case.
  • Loan Amounts $50,000 – $1,150,000
  • No credit scoring and real people are here to make decisions!


Steps to your Low Deposit Home Loans


Am I eligible for a loan?


How much can I borrow?

See how much you can borrow using our simple borrowing power calculator, or call one of our friendly team to get a detailed borrowing capacity over the phone today.


Book a consultation or apply online

Call us on Freecall 1800 000 800 for a no obligation chat or, if you’re ready to apply get started now.

Start your application
Direct Credit Home Loans
1800 000 800 Australian Credit License Number 392727