Level 4 Benson House

2 Benson St, Toowong Brisbane QLD 4066 Australia

8.30am - 5.00pm Mon - Fri


Low Deposit Home Loans

Low Deposit – Prime home loans for borrowers with a good credit history.

Low Deposit Home Loan – At a glance

Direct Credit’s own Low deposit home loan can cater to borrowers who have little in the way of a deposit

Your would need a minimum 5% deposit saved up as genuine savings to contribute toward your purchase. If you do not have 5% genuine savings to contribute, your equity contribution may be by way of a gift from a family member, sale of an asset like a vehicle or First Home Owners Grant. The lenders mortgage insurance premium can be capitalised up to a maximum of 98% loan to value ratio.

Most lenders in the current market will lend you a maximum of 95% of the property value, plus you also have to find the 3+% lenders mortgage insurance premium as well. Direct Credit will capitalise most of the LMI fee up to 98%, which means you need less deposit to get in to the market today!

Features & Criteria – Low Deposit Home Loan

Loan Product Features –

Criteria –

Applicable loans


Interest rate

from 7.84%

Comparison rate


Loan type




Application fee


  • 7.84% Interest rate displayed : 98% LVR on principle & interest repayments with  loan amount over $300,000 with $0 Annual fee
  • Maximum Loan to Value Ratio is 98%
  • Purchases only
  • Full doc loans only
  • Owner Occupied loan only
  • Must have clear credit history
  • Availiable only on residential secuity
  • Metro and Major regional areas only (Call Direct Credit to verify your postcode)
  • 98% LVR includes mortgage Insurance capitalised up to 98% above base loan
  • No Vacant land or construction availiable
  • Interest only not availiable
  • Minimum loan size is $100,000
  • Maximum loan size $1,150,000 (Postcode restrictions may apply

*The Comparison Rate is calculated on the basis of a loan of $300,000 over a term of thirty years, including application, valuation and lenders legal fees, excluding searches, registration and government charges. Valuation fees based on metro home valued at or under $500,000 at $285.00 per valuation. Securities valued at over $500,000 and excluding metro areas POA.

Warning: This comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Steps to your Low Deposit Home Loans

1. Am I eligible for a loan?

If you are a PAYG earner or self-employed, have a tax debt and equity in existing property – you may qualify.

2. Know your loan capacity

See how much you can borrow using our simple borrowing power calculator, or call one of our friendly team to get a detailed borrowing capacity over the phone today.

3. Book a consultation or apply online

Call us on Freecall 1800 000 800 for a no obligation chat or, if you’re ready to apply get started now.