Compare 95% LVR home loans

The table below displays 95% LVR home loans from our Online Partners.

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The Capricornian No Frills | Variable
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Fees & charges apply. Australian Credit Licence 246780.
The Capricornian No Frills | Variable
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5.39%
Variable
5.44%
$1,963
Principal & Interest
Link Not Supplied
Owner occupied
3% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 246780. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 246780. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Transport Mutual Credit Union Refi Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 240718.
Transport Mutual Credit Union Refi Home Loan | Variable
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5.39%
Variable
5.47%
$1,963
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 240718. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240718. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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The Capricornian Offset | Variable
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Fees & charges apply. Australian Credit Licence 246780.
The Capricornian Offset | Variable
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5.49%
Variable
5.50%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
3% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 246780. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 246780. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Community First Bank Basic Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 231204.
Community First Bank Basic Home Loan | Variable
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5.49%
Variable
5.54%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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BankVic Police | Variable
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Fees & charges apply. Australian Credit Licence 240293.
BankVic Police | Variable
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5.54%
Variable
5.55%
$1,996
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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BankVic Offset Police | Variable
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Fees & charges apply. Australian Credit Licence 240293.
BankVic Offset Police | Variable
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5.58%
Variable
5.59%
$2,005
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Illawarra Credit Union Bare Essentials Home Loan | Variable
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Fees & charges apply. Australian Credit Licence Illawarra Credit Union is a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204.
Illawarra Credit Union Bare Essentials Home Loan | Variable
star filled star filled star filled star filled star filled
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5.49%
Variable
5.59%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence Illawarra Credit Union is a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence Illawarra Credit Union is a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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BankVic Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 240293.
BankVic Home Loan | Variable
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5.60%
Variable
5.61%
$2,009
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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BankVic Offset | Variable
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Fees & charges apply. Australian Credit Licence 240293.
BankVic Offset | Variable
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5.64%
Variable
5.65%
$2,018
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 240293. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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G&C Mutual Bank Momentum Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 238311.
G&C Mutual Bank Momentum Home Loan | Variable
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5.69%
Variable
5.74%
$2,029
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 238311. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238311. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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MOVE Bank Everyday Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 234536.
MOVE Bank Everyday Home Loan | Variable
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5.69%
Variable
5.74%
$2,029
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 234536. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 234536. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Unity Bank Momentum Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 238311.
Unity Bank Momentum Home Loan | Variable
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5.69%
Variable
5.74%
$2,029
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 238311. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238311. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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BCU Bank Omg Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 214077.
BCU Bank Omg Home Loan | Variable
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5.79%
Variable
5.82%
$2,051
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 214077. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 214077. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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BCU Bank Offset Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 214077.
BCU Bank Offset Home Loan | Variable
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5.89%
Variable
5.92%
$2,074
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 214077. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 214077. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Community First Bank Accelerator Package | Variable
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Fees & charges apply. Australian Credit Licence 231204.
Community First Bank Accelerator Package | Variable
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5.59%
Variable
5.97%
$2,007
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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People's Choice Basic | Variable
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Fees & charges apply. Australian Credit Licence 244310.
People's Choice Basic | Variable
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5.99%
Variable
6%
$2,096
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 244310. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 244310. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Westpac Flexi First Option Home Loan | Variable
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Fees & charges apply. Australian Credit Licence 233714.
Westpac Flexi First Option Home Loan | Variable
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Tooltip icon
5.99%
Variable
6%
$2,096
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 233714. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 233714. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Illawarra Credit Union The Works Package Home Loan | Variable
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Tooltip icon
Fees & charges apply. Australian Credit Licence Illawarra Credit Union is a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204.
Illawarra Credit Union The Works Package Home Loan | Variable
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Tooltip icon
5.59%
Variable
6.04%
$2,007
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence Illawarra Credit Union is a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence Illawarra Credit Union is a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Queensland Country Bank Ultimate Home Loan Package | Special | Variable
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Fees & charges apply. Australian Credit Licence 244533.
Queensland Country Bank Ultimate Home Loan Package | Special | Variable
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5.69%
Variable
6.05%
$2,029
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 244533. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 244533. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
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Aussie Select Basic | Variable
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Fees & charges apply. Australian Credit Licence 246786.
Aussie Select Basic | Variable
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6.19%
Variable
6.20%
$2,141
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 246786. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 246786. Star Rating for a $350k owner occupier variable rate P+I loan at 80% LVR

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The initial results in the table above are sorted by Star Rating (High-Low) , then Comparison rate^ p.a. (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

promoted
Fees & charges apply. Australian Credit Licence 237391.
Interest rate p.a.
Comparison rate^ p.a.
Monthly repayment
5.54%
Variable
5.57%
$1,996
Principal & Interest
IMB Bank Budget Home Loan
Enjoy up to $4,000 cashback when you switch your eligible home loan to IMB Bank. Terms and Conditions Apply
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Low Rate Home Loan
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Apply online in minutes!
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Canstar's Most Satisfied Customers - Bank - 2022
Fees & charges apply. Australian Credit Licence 237391. See Terms & Conditions. ^ Comparison Rate Warning. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR
Fees & charges apply. Australian Credit Licence 237391. See Terms & Conditions. ^ Comparison Rate Warning. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR

What are 95% home loans?

A 95% home loan, or 95% mortgage, is a low-deposit home loan that enables you to borrow up to 95% of the total value of a property you’re buying. This means you are only required to make a 5% deposit on the home loan for the property, which is much lower than the standard 20% deposit that most home loans require.

95% home loans are also called 95% LVR loans, referring to the LVR or loan-to-valuation ratio of the loan.

This type of loan is generally considered by lenders to be a higher lending risk than an 80% LVR (20% deposit) loan. Therefore, borrowers may find the application process is stricter than it would be for a 20% deposit loan, and they are likely to need to pay for LMI. Some lenders also charge a higher interest rate to borrowers with a high LVR, compared to borrowers eligible for lower-LVR loans.

Explore further→ What is LVR and what can it mean for your home loan?

A low-deposit home loan may be an appealing option for prospective property owners who want to take out a home loan with a small deposit amount. However, you may end up paying more for the home loan in the long run.

If you are a first home buyer with a low deposit, there is a possibility you could be eligible for government incentives and schemes aimed at making home ownership more achievable, such as the First Home Loan Deposit Scheme (now called the First Home Guarantee Scheme). This is a scheme that allows a limited number of eligible borrowers per financial year who have never bought a home before to get a home loan with as little as a 5% deposit, without needing to stump up for the expensive lender’s mortgage insurance (LMI) that borrowers with a deposit of less than 20% of the value of the home usually need to pay for.

There’s also the new Labor government’s Regional First Home Buyer Support Scheme, which is set to commence in January 2023. It will work in a similar way to the First Home Guarantee Scheme, but only for borrowers who are buying outside capital cities.

Another option for those seeking federal government support could be the forthcoming ‘Help to Buy’ scheme, which will let eligible homebuyers with a deposit of at least 2% receive a government contribution to help buy their home, provided they qualify for a low-deposit home loan with a participating lender.

Frequently Asked Questions about 95% Home Loans

Not every borrower will be eligible to apply for 95% home loans. While the exact assessment criteria you face can vary depending on your lender and personal situation, you may need to have some of the following characteristics:

  • Good credit history
  • Stable employment
  • Genuine savings of 5% of the property’s value for the deposit
  • High income compared to the loan you want (serviceability ratio)
  • Own other assets
  • Low or no other debts (e.g. credit cards, personal loans).

If you make an application for a 95% home loan, you may need to demonstrate that you are capable of making the monthly repayments. Borrowers will generally need to have a high credit score with a history of consistently repaying any loans and credit cards they’ve taken out. 95% home loans therefore may not be suitable for those who are struggling financially. Lenders may also be hesitant to offer 95% home loans for large mortgages, meaning that investors or home buyers looking for a higher-end property may not necessarily be well-suited to a 95% home loan.

Explore Further→ What is a good credit score and how do you get one?

Borrowing 95% of a property’s value and making a deposit of just 5% usually means needing to meet strict criteria in order to get approved. While the policies vary from lender to lender, you will typically need to meet the following requirements:

  • Be at least 18 years old
  • Be a permanent Australian resident or citizen
  • Have a good credit history
  • Have a regular income that will enable you to comfortably meet the home loan repayments
  • Not have too much other debt
  • Be buying a certain kind of property (some lenders place extra restrictions on loans used to purchase newly-built apartments or vacant land, for example).

If you don’t yet have enough savings for the deposit you need, we have some budgeting and saving tips which may help you reach your goals.

When you’re ready to move forward with your application, you may need a range of documents on hand, including proof of identification such as a driver’s licence or passport, employment details such as a payslip, and other relevant financial documents like your most recent tax return.

95% home loans are generally quite similar to standard home loans, besides the smaller deposit amount required and potentially stricter eligibility criteria. They typically include the features that you could find in a standard fixed or variable home loan, but the exact features on offer will vary depending on the lender and the specific loan. Some common features can include:

  • Redraw facility: A home loan redraw facility is a feature that allows you to withdraw additional repayments you’ve already contributed to the loan.
  • Offset account: A mortgage offset account is a savings or transaction account linked to your home loan. The balance in this account is offset against the balance of your home loan, so that you pay interest on less of your loan balance.
  • Additional repayments: Most variable and some fixed home loans allow you to make additional repayments on top of the required monthly repayments. Making additional repayments helps to pay off the loan quicker, thus paying less interest.
  • Loan term options: Like any other type of home loan in Australia, most 95% home loans come with a 25-year or 30-year loan term for you to repay the loan.
  • Other key features: Features such as split loan facilities and pre-approval are also common in home loans.

You can check to see whether the loan you’re applying for has these features by contacting your lender, or you can start by comparing your options on the Canstar website.

Latest in home loans

Canstar Star Ratings and Awards

Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.

Home Loan Awards  Refinance Home Loan Awards

About our home loan experts

Nina Rinella, Editor-in-Chief

Nina Rinella
As Canstar’s Editor-in-Chief, Nina heads up a team of talented journalists committed to helping empower consumers to take greater control of their finances. Nina has written countless articles about finance and has been interviewed on finance topics by media organisations including The Australian, Realestate.com.au, Domain, the Herald Sun and the Sydney Morning Herald. Previously Nina founded her own agency where she provided content and communications support to clients around Australia for 8 years. She also spent four years as the PR Manager for American Express Australia, and has worked at a Brisbane communications agency where she supported dozens of clients, including Sunsuper and Suncorp. When she’s not dreaming up ways to put a fresh spin on finance, she’s taking her own advice by trying to pay her house off as quickly as possible and raising two money-savvy kids. Nina has a Bachelor of Journalism and a Bachelor of Arts with a double major in English Literature from the University of Queensland. She’s also an experienced presenter, and has hosted numerous events and YouTube series. You can follow her on LinkedIn and Canstar on Facebook. Meet the Canstar Editorial Team. Have a media enquiry, and interested in featuring Nina as a financial expert and commentator? Contact Canstar’s Media Team today.

Joshua Sale, GM, Research

Joshua Sale
Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research Team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products. As one of Canstar’s company spokespeople, Joshua is confident participating in print, radio and broadcast journalism interviews. He has participated in interviews with the Australian Financial Review, news.com.au and Money Magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends. You can follow Joshua on LinkedIn. Have a media enquiry, and interested in featuring Joshua as a financial expert and commentator? Contact Canstar’s Media Team today.

Important information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

Home loan Star Ratings are updated daily. During periods of significant market fluctuations, such as adjustments to the reserve bank's cash rate, star rating updates will be paused for variable home loans until the market has stabilised. However, advertised interest rates of products will continue to be updated as advised by lenders. The results don’t include every provider in the market and we may not compare all features relevant to you. Current rates and fees are displayed and may be different to what was rated. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Home Loans Star Rating Methodology. The rating shown is only one factor to take into account when considering products. The table defaults to display only home loans available to somebody borrowing up to 80% of the property value, but you can use the filters to change this. Similar products might have different features and fees depending on the amount you borrow. Contact the lender for details.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied.  The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. Canstar provides information about credit products. We’re not suggesting or recommending a particular credit product for you. If you decide to apply for a loan, you will deal directly with the provider, not with Canstar. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. It’s important you check rates and product information directly with the provider. For more information, read our Detailed Disclosure. ^Read the Comparison Rate Warning.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

Before you elect to terminate or modify existing lending arrangements, we recommend you consider (i) your personal circumstances, and (ii) any associated fees, exit costs and application costs that may be applicable as well as the impact these changes could have on you. We suggest you consider seeking independent advice from a qualified adviser.

“Interest-only loan” generally means a loan where you will only pay interest during the interest-only term. That means you won’t be making payments which reduce debt during the interest-only term.