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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.
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Borrow up to 100% of the purchase price or valuation1
Get into your new home sooner
No deposit required
Get a competitive interest rate
With the St.George 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.
- Choose variable interest rate or fixed interest rate
- Up to 30 years
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Yes (on Variable Rate portion only)
- For Flexible Deposit only
- Choose to repay weekly, monthly or fortnightly
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Make additional payments at any time on variable rate loans. Up to $10000 per year can be made on fixed rate loans4
- Set up convenient automatic repayments
- Choose monthly interest-based repayments (Flexible Deposit investment loans only)
- Applying for additional funds is simple 5
- Get access to any extra payments you make with a convenient redraw facility (only available on variable rate portion)5
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100% interest offset to help you save interest on your home loan and own your home sooner6 (partial interest offset also available)
- Reduce or pause your home loan repayments for a period of between 3 to 12 months during a period of legitimate leave from the workforce
- On fixed rate portion only7
- Enjoy the benefits of a fixed and a variable rate
- Keep earning interest on your deposit monies right up until settlement by using a Deposit Protect Bond instead of paying a cash deposit immediately
- Call a home loan expert on 13 33 30 8am - 9pm (AEST), 7 days a week.
2. Other fees and charges are payable
3. Subject to availability.
4. There is a limit on the amount of additional payments before break costs become payable on fixed rate loans.
5. Subject to Bank approval. A fee applies for each approved request. On variable rate loans only.
6. On variable rate loans only.
7. On fixed rate loans only. A fee applies for each approved request.
