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No Deposit Home Loan
You can buy your first home without a deposit
We understand that it can be frustrating waiting to buy your first home until you’ve saved a deposit. If you’re ready to be a homeowner now, but haven’t saved a substantial deposit, we can still help you make the move to homeowner – today! Even without a deposit, we can still offer you a competitive interest rate, flexibility and savings.
- Borrow up to 100% of the purchase price or valuation1
- Get into your new home sooner
- No deposit required
Get a lower interest rate
With the BankSA No Deposit Home Loan – Loan Extension Fee option, you can borrow up to 100% of the purchase price or valuation (whichever is lower) at a competitive interest rate. Available for purchasing or building your new home. An upfront loan extension fee is payable2.
Get flexibility
Choose the No Deposit Home Loan – Flexible Deposit option and use the funds for different loan purposes, such as purchasing vacant land or investments. You can apply to borrow up to 100% of the purchase price or valuation (whichever is lower). Lender’s Mortgage Insurance is payable up front
1. Subject to availability from time to time.
2. Available on loans with principal and interest repayments.
3. There is a limit on the amount of additional payments before break costs become payable on fixed rate loans.
4. On variable rate loans only.
5. Subject to Bank approval. A fee applies for each approved request.
6. On Fixed Rate loans only. A fee applies for each approved request.
2. Available on loans with principal and interest repayments.
3. There is a limit on the amount of additional payments before break costs become payable on fixed rate loans.
4. On variable rate loans only.
5. Subject to Bank approval. A fee applies for each approved request.
6. On Fixed Rate loans only. A fee applies for each approved request.
