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No deposit home loan calculator

If you’re thinking of buying a home with a 0% deposit, then use our no deposit home loan calculator to:

  • Find out if you may be eligible
  • Discover how much equity you may be able to use from your existing property or your guarantor’s property
You should really think hard before taking out a no deposit home loan, since they not only tend to charge higher interest rates, but you’re also paying interest on the entirety of the purchase price, which will make the loan vastly more expensive overall.


Looking for a home loan?

Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.

Lender

Variable
More details
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
4.6 Star Customer Ratings

loans.com.au – Variable Home Loan P&I <90%

  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
Variable
More details
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Disclosure
Apply in minutes

Unloan – Variable Rate Home Loan LVR < 80%

  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Disclosure
Variable
More details
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
Disclosure

Ubank (part of NAB) – Neat home loan - max. 60% LVR (Owner occupied, Principal and interest)

  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
Disclosure
Variable
More details
Disclosure

Macquarie Bank – Basic Home Loan (Owner Occupier, Principal and Interest, max 60% LVR)

    Disclosure
    Variable
    More details

    AMP – Essential Home Loan (Owner Occupied, Principal and Interest, $750,000+, <= LVR 60%)

      Variable
      More details
      Disclosure

      Ubank (part of NAB) – Neat home loan - max. 80% LVR (Owner occupied, Principal and interest)

        Disclosure
        Variable
        More details

        Great Southern Bank – Offset Variable - Owner Occupier Principal & Interest (LVR is 70%)

          Variable
          More details

          Bank of Queensland – Owner Occupied Economy Discount Rate (max 80% LVR)

            Variable
            More details

            Bendigo Bank – Complete Home Loan (OO P&I 60% - 80%)

              Variable
              More details
              Disclosure

              ANZ – Simplicity PLUS Home Loan (Principal and Interest) (LVR < 70%) (New Customer) Special offer

                Disclosure
                VariableN/A
                More details
                Disclosure

                Commonwealth Bank – Extra Home Loan (Principal and Interest) (LVR 60%-70%)

                  Disclosure
                  VariableN/AN/A
                  More details
                  Disclosure

                  Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR 70-80%)

                    Disclosure
                    Variable
                    More details

                    ING – Mortgage Simplifier ($150k+ where LVR >90% - O/Occ) P&I

                      Variable
                      More details
                      Disclosure

                      NAB – Tailored Home Loan Variable Rate - Principal and Interest LVR 60% or less

                        Disclosure
                        Variable
                        More details
                        Disclosure

                        Macquarie Bank – Offset Home Loan (Owner Occupier, Principal and Interest, max LVR 60%)

                          Disclosure
                          Variable
                          More details
                          • No application, ongoing monthly or annual fees.
                          • Available for refinance or purchases. Quick and easy online application process.
                          • Dedicated loan specialist throughout the loan application.
                          • Discounted interest rate for 5 years for homes with an eligible solar system
                          Disclosure

                          loans.com.au – Solar Home Loan P&I <90%

                          • No application, ongoing monthly or annual fees.
                          • Available for refinance or purchases. Quick and easy online application process.
                          • Dedicated loan specialist throughout the loan application.
                          • Discounted interest rate for 5 years for homes with an eligible solar system
                          Disclosure
                          Variable
                          More details

                          MOVE Bank – Offset Home Loan (Principal & Interest) LVR <80%

                            Variable
                            More details

                            Athena Home Loans – Straight Up Owner Occupied - Obliterate (LVR < 50%) (Principal and Interest)

                              Variable
                              More details

                              Heritage Bank – Home Advantage Variable $250,000 to $699,999 >70% to 80%

                                Variable
                                More details

                                BankSA – Basic Home Loan for Owner Occupier P&I (Promo) (LVR below 70%)

                                  Important Information and Comparison Rate Warning

                                  Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of January 18, 2025. View disclaimer.

                                  Important Information and Comparison Rate Warning