Compare low deposit home loans
The table below displays low deposit home loans (loan-to-value ratios of 85% and above) from Canstar’s Online Partners.

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About low deposit home loans
A low deposit home loan may be appealing if you want to get into the property market as soon as you can. But a low deposit may mean that you end up paying more in the long run.
What is a low deposit home loan?
A low deposit home loan is generally considered to be anything under 20% of the purchase price. This includes loans that have a loan-to-value ratio (LVR) greater than 80%. The LVR is the loan amount expressed as a percentage of the value of the property you’re buying. So the bigger your deposit, the lower your LVR will be, and vice versa – a 95% LVR will have a 5% deposit.
Lenders generally like you to have at least a 20% deposit, and if it is anything less, you may have to pay Lender’s Mortgage Insurance (LMI). This is to protect the lender if you get into a situation where you default on the loan. But if you’re a first home buyer, you may be eligible for government incentives and schemes aimed at making home ownership more achievable. Examples of these include the First Home Guarantee or Regional First Home Buyer Guarantee. These grants allow a limited number of eligible (first home) borrowers each financial year to get a home loan with as little as a 5% deposit, without needing to pay LMI.
Frequently Asked Questions about low deposit home loans
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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.
About the authors
Nina Rinella, Editor-in-Chief

Joshua Sale, GM, Research

As Canstar’s Ratings Manager, Josh Sale is responsible for the methodology and delivery of Canstar’s Home Loans Star Ratings and Awards and the Home Loan Refinance Awards. With tertiary qualifications in economics and finance, Josh has worked behind the scenes for the last five years to develop Star Ratings and Awards that help connect consumers with the right home loan for them.
Josh is passionate about helping consumers get hands-on with their home loans, always reminding home buyers that finding the right loan can be as important for your finances as negotiating a fair property purchase price. Josh has been interviewed by media outlets such as the Australian Financial Review, news.com.au and Money Magazine, discussing topics including home loan equity and wider finance trends.
When it comes to Josh’s own property journey, the home loans expert once bought two houses in the same transaction when he ensured the cubby house his daughter loved was listed on the purchase contract for his new home.
You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.
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.