Home Deposit Loans

 

Low Rates from 5.95%*

Fast Approvals.

Want your own home but don't have the deposit? A Personal Loan could help fund your deposit.

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We are leaders in Personal Lending in Australia

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Thinking about owning a home but don't have the deposit? A Personal Loan could help.

We are here to make your life better.


We help many of our customers home ownership dreams come true with a home deposit loan facility.  Owning your own home may be closer than you think.  Fund your House Deposit with a Personal Loan*.  We offer fast approvals, great rates and many loan options. We will work with you to connect you to suitable lenders for your needs.

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Things you need to know

Loan Limit $4,000 - $80,000
Loan Terms 2 - 6 years
Rates From 5.95% *
Early Repayment Fee $0
Repayment Frequency Weekly, Fortnightly, Monthly
Comparison Rate 7.68% **
Establishment Fee From $249 ***
Loan Type Secured & Unsecured

* Subject to approval and funding. Fixed rates start from 5.95% p.a. (comparison rate 7.68% p.a.) and are offered based on the individual borrower’s credit assessment by the lender. Fees, charges, terms and conditions apply. Rates are current as at 14 March 2022 and are subject to change.


** Comparison rate of 7.68% is based on an unsecured personal loan of $20,000 over 60 months or 5 years. Different amounts, terms and lenders will result in different comparison rates. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.


*** Loan Establishment fee from $249 subject to the lender.


Example loan:


A personal loan of $20,000 borrowed for 60 months or 5 years with a fixed interest rate of 5.95% p.a (comparison rate 7.68% p.a.), the total amount you would need to repay would be $24,147 (made up of $20,000 principal, interest of $3,172 and $975 of establishment fees).

General Questions

  • How is my interest rate calculated?

    We source personalised rates based on your credit scores. Your credit scores gives us an idea of how likely you are to pay back your loan. This plays a role in determining your interest rate, credit limit and loan terms. For secured loans, we also take into account the value of the asset you're financing.

  • What can I use my personal loan for?

    We offer loans for any worthwhile purpose. That might seem a bit broad, but it's because our team handles every application individually. The most common loan purposes are cars, home improvements and debt consolidation. Whether it be a wedding, your dream car or finally getting rid of those credit cards - we want to know what you're getting your loan for so we share in your excitement!

  • How do I know I'm getting a fair deal?

    We take responsible lending seriously, which means you will only be approved for a personal loan if your circumstances are suitable and you can afford to pay it back. You can check your suitability by getting a 2-minute rate estimate. Don't worry, the rate estimate won't impact your credit score.

  • What documents do I need to apply for a personal loan?

    This is one of those "piece of string" questions. The documents you need will be different for everyone depending on your circumstances but for a start, you'll need -


    1. 2 forms of ID (e.g Drivers license, Passport or Medicare card - we we get to know you as a person.


    2. Last 3 months bank statements - so we can understand your financial position. This can be provided to use through a secure online portal, so we can obtain the information directly from your bank.


    3. Payslips (if required) - so we can assess your ability to service the loan. 

Eligilibity Criteria

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  • Over 18 years old


  • $20,000 minimum income p.a


  • Minimum 3 months employment


  • Credit Score of 300 +

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  • Defaults/Bankruptcy & Judgements will not be considered


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Why people trust us

“I could not have been happier with the service or the interest rate”

Gary

“The fast, friendly service we received was above and beyond”

Melanie

“Worked great for me. The process took less than 2 days”

Kallan

“After paying off my three maxed out credit cards, wiping out bank debt and all of the payday lenders, I can't believe the financial relief I now have”

Charles