Guarantor Home Loan Calculator

Guarantor home loan calculator

Savings.com.au’s guarantor home loan calculator can help you work out whether you’re likely to be approved for a home loan with a guarantor or not. This calculator will factor in:

The size of your loan and deposit
How much equity your guarantors have in their property)

Not every lender will accept a borrower with a guarantor, while those that do will each have different criteria for who they’ll accept. So consider speaking to a lending specialist and read the terms and conditions of a loan before making a commitment.

Can I get a mortgage with a guarantor?

If you can’t quite manage to scrape together enough for a 20% deposit on the property you desire, another method of securing a home loan is by using a guarantor. This is where someone else (typically an immediate family member like a parent) has agreed to take responsibility for making repayments in the event that you can’t. They might also offer their own property as collateral.

This option can be useful for people who:

Have lower incomes
Are struggling to reach their deposit goal
Have bad credit histories
Have a shaky employment history

But not every loan with a guarantor will be approved. You’ll likely still need to have a decent history of savings while your guarantor(s) will likely need to have a stable income or a sizeable amount of equity in their own property.

Our guarantor home loan calculator can help you figure out if your guarantor will be enough.

Compare Home Loans

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.

Loan amount

Compare

Lender	Advertised rate	Comparison rate*	Monthly repayment	Rate Type	Ongoing Fee	Upfront Fees	Max LVR	as ofFebruary 22, 2025

	6.04^%_p.a.	6.08^%_p.a.	^$2,408	Variable	^$0	^$530	90^%	More details
FEATURED Rate drops by 0.25% on 4th March	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
FEATURED Rate drops by 0.25% on 4th March 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. More details Disclosure
	5.74^%_p.a.	5.65^%_p.a.	^$2,332	Variable	^$0	^$0	80^%	More details
FEATUREDApply 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
FEATUREDApply 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. More details Disclosure
	6.09^%_p.a.	6.11^%_p.a.	^$2,421	Variable	^$0	^$250	60^%	More details
FEATURED	Ubank (part of NAB) – Neat home loan - max. 60% LVR (Owner occupied, Principal and interest) Easy application. Fast approval. No annual fee. Unlimited additional repayments free of charge. Redraw freely - Access your additional payments.
Disclosure
FEATURED Ubank (part of NAB) – Neat home loan - max. 60% LVR (Owner occupied, Principal and interest) Easy application. Fast approval. No annual fee. Unlimited additional repayments free of charge. Redraw freely - Access your additional payments. More details Disclosure
	6.14^%_p.a.	6.16^%_p.a.	^$2,434	Variable	^$0	^$250	80^%	More details
	Ubank (part of NAB) – Neat home loan - max. 80% LVR (Owner occupied, Principal and interest)
Disclosure
Ubank (part of NAB) – Neat home loan - max. 80% LVR (Owner occupied, Principal and interest) More details Disclosure
	6.18^%_p.a.	6.21^%_p.a.	^$2,445	Variable	^$0	^$845	60^%	More details
	AMP – Essential Home Loan (Owner Occupied, Principal and Interest, $750,000+, <= LVR 60%)
AMP – Essential Home Loan (Owner Occupied, Principal and Interest, $750,000+, <= LVR 60%) More details
	6.19^%_p.a.	6.25^%_p.a.	^$2,447	Variable	^$0	^$835	70^%	More details
	Great Southern Bank – Offset Variable - Owner Occupier Principal & Interest (LVR is 70%)
Great Southern Bank – Offset Variable - Owner Occupier Principal & Interest (LVR is 70%) More details
	6.23^%_p.a.	6.38^%_p.a.	^$2,458	Variable	^$10	^$450	80^%	More details
	Bank of Queensland – Owner Occupied Economy Discount Rate (max 80% LVR)
Bank of Queensland – Owner Occupied Economy Discount Rate (max 80% LVR) More details
	6.24^%_p.a.	6.46^%_p.a.	^$2,460	Variable	^$15	^$784	80^%	More details
	Bendigo Bank – Complete Home Loan (OO P&I 60% - 80%)
Bendigo Bank – Complete Home Loan (OO P&I 60% - 80%) More details
	6.29^%_p.a.	6.40^%_p.a.	^$2,473	Variable	^$0	^$799	90^%	More details
	IMB Bank – Essentials Home Loan (Principal and Interest) (LVR 80%-90%)
IMB Bank – Essentials Home Loan (Principal and Interest) (LVR 80%-90%) More details
	6.44^%_p.a.	6.44^%_p.a.	^$2,513	Variable	^$0	^$160	70^%	More details
	ANZ – Simplicity PLUS Home Loan (Principal and Interest) (LVR < 70%) (New Customer) Special offer
Disclosure
ANZ – Simplicity PLUS Home Loan (Principal and Interest) (LVR < 70%) (New Customer) Special offer More details Disclosure
	6.49^%_p.a.	6.52^%_p.a.	^$2,526	Variable	^$0	N/A	90^%	More details
	Beyond Bank – Purple Basic Variable Home Loan (>80%-90% LVR)
Beyond Bank – Purple Basic Variable Home Loan (>80%-90% LVR) More details
	6.49^%_p.a.	6.50^%_p.a.	^$2,526	Variable	N/A	^$400	70^%	More details
	Commonwealth Bank – Extra Home Loan (Principal and Interest) (LVR 60%-70%)
Disclosure
Commonwealth Bank – Extra Home Loan (Principal and Interest) (LVR 60%-70%) More details Disclosure
	6.54^%_p.a.	6.54^%_p.a.	^$2,539	Variable	N/A	N/A	80^%	More details
	Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR 70-80%)
Disclosure
Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR 70-80%) More details Disclosure
	6.69^%_p.a.	6.72^%_p.a.	^$2,578	Variable	^$0	^$350	95^%	More details
	ING – Mortgage Simplifier ($150k+ where LVR >90% - O/Occ) P&I
ING – Mortgage Simplifier ($150k+ where LVR >90% - O/Occ) P&I More details
	6.79^%_p.a.	6.87^%_p.a.	^$2,605	Variable	^$8	^$350	60^%	More details
	NAB – Tailored Home Loan Variable Rate - Principal and Interest LVR 60% or less
Disclosure
NAB – Tailored Home Loan Variable Rate - Principal and Interest LVR 60% or less More details Disclosure
	5.99^%_p.a.	6.44^%_p.a.	^$2,396	Variable	^$0	^$530	90^%	More details
Rate drops by 0.25% on 4th March	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
Rate drops by 0.25% on 4th March 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 More details Disclosure
	6.14^%_p.a.	6.19^%_p.a.	^$2,434	Variable	^$0	^$600	80^%	More details
	MOVE Bank – Offset Home Loan (Principal & Interest) LVR <80%
MOVE Bank – Offset Home Loan (Principal & Interest) LVR <80% More details
	5.99^%_p.a.	5.99^%_p.a.	^$2,396	Variable	^$0	^$0	50^%	More details
	Athena Home Loans – Straight Up Owner Occupied - Obliterate (LVR < 50%) (Principal and Interest)
Athena Home Loans – Straight Up Owner Occupied - Obliterate (LVR < 50%) (Principal and Interest) More details
	6.24^%_p.a.	6.58^%_p.a.	^$2,460	Variable	^$350	^$210	80^%	More details
	Heritage Bank – Home Advantage Variable $250,000 to $699,999 >70% to 80%
Heritage Bank – Home Advantage Variable $250,000 to $699,999 >70% to 80% More details
	6.29^%_p.a.	6.30^%_p.a.	^$2,473	Variable	^$0	^$100	95^%	More details
	BankSA – Basic Home Loan for Owner Occupier P&I (Promo) (LVR below 70%)
BankSA – Basic Home Loan for Owner Occupier P&I (Promo) (LVR below 70%) More details
	6.44^%_p.a.	6.81^%_p.a.	^$2,513	Variable	^$395	^$0	80^%	More details
	Credit Union SA – Owner Occupied Variable Home Loan Package (Principal and Interest)
Credit Union SA – Owner Occupied Variable Home Loan Package (Principal and Interest) More details
	6.79^%_p.a.	6.87^%_p.a.	^$2,605	Variable	^$8	^$350	70^%	More details
	NAB – Tailored Home Loan Variable Rate - Principal and Interest LVR 60.01% - 70%
Disclosure
NAB – Tailored Home Loan Variable Rate - Principal and Interest LVR 60.01% - 70% More details Disclosure
	6.48^%_p.a.	6.51^%_p.a.	^$2,523	Variable	^$0	^$350	90^%	More details
	MyState Bank – Basic Variable Home Loan Offer OO P&I (LVR =80%-<90%)
MyState Bank – Basic Variable Home Loan Offer OO P&I (LVR =80%-<90%) More details
	6.54^%_p.a.	6.93^%_p.a.	^$2,539	Variable	^$395	^$350	90^%	More details
	Bankwest – Complete Variable Home Loan (Owner Occupied) (New Lending) <90% LVR - P&I
Bankwest – Complete Variable Home Loan (Owner Occupied) (New Lending) <90% LVR - P&I More details
	5.44^%_p.a.	6.26^%_p.a.	^$2,256	Fixed	^$350	^$0	90^%	More details
	Bank Australia – Clean Energy Home Loan - New Build Fixed (LVR <90%) (3 years)
Bank Australia – Clean Energy Home Loan - New Build Fixed (LVR <90%) (3 years) More details
	6.64^%_p.a.	6.98^%_p.a.	^$2,565	Variable	^$350	^$210	90^%	More details
	Heritage Bank – Home Advantage Variable $250,000 to $699,999 LVR >80% to 90%
Heritage Bank – Home Advantage Variable $250,000 to $699,999 LVR >80% to 90% More details
	6.84^%_p.a.	6.84^%_p.a.	^$2,618	Variable	^$0	^$0	97^%	More details
	Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR above 80%)
Disclosure
Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR above 80%) More details Disclosure
	7.24^%_p.a.	7.24^%_p.a.	^$2,726	Variable	^$0	^$160	95^%	More details
	ANZ – Standard Variable Home Loan (Principal and Interest) (LVR < 80%)
Disclosure
ANZ – Standard Variable Home Loan (Principal and Interest) (LVR < 80%) More details Disclosure
	8.80^%_p.a.	8.94^%_p.a.	^$3,161	Variable	^$8	^$600	95^%	More details
	Commonwealth Bank – Standard Variable Home Loan (Principal and Interest)
Disclosure
Commonwealth Bank – Standard Variable Home Loan (Principal and Interest) More details Disclosure
	6.14^%_p.a.	6.15^%_p.a.	^$2,434	Variable	^$0	^$0	80^%	More details
	ANZ Plus – Variable Home Loan (Principal and Interest)
ANZ Plus – Variable Home Loan (Principal and Interest) More details

Variable Home Loan P&I <90%

Product Features

Available for purchase or refinance, min 10% deposit needed to qualify.
No application, ongoing monthly or annual fees.
Quick and easy online application process.

Monthly repayments:$2,408

6.04%Advertised Rate (p.a.)

6.08%Comparison Rate*

More details

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 February 22, 2025. View disclaimer.

Important Information and Comparison Rate Warning

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the InfoChoice Group. In the interests of full disclosure, the InfoChoice Group are associated with the Firstmac Group. Read about how InfoChoice Group manages potential conflicts of interest, along how we get paid.

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Product Coverage and Sort Order

We strive to cover a broad range of products, providers, and services; however, we do not cover the entire market. Products in our comparison tables are sorted based on various factors, including product features, interest rates, fees, popularity, and commercial arrangements.

Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes.

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For more details, visit How We Get Paid and Managing Conflicts of Interest.

Comparison Rate Warning and Base Criteria

For home loans, the base criteria include a $400,000 loan amount over 30 years. For car loans, the base criteria include a $30,000 loan over 5 years. For personal loans, the base criteria include a $20,000 loan over 5 years. These rates are only examples and may not include all fees and charges.

*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.

Monthly Repayment Figures

Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.

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.

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We may include products and services from loans.com.au, CarLoans.com.au, OnlineAuto.com.au, and YourMortgageBroker Pty Ltd, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner.

Learn more about how we manage conflicts of interest.

General Advice Disclosure

The information provided by Savings.com.au is general in nature and does not take into account your personal objectives, financial situation, or needs. We recommend seeking independent financial advice before making any financial decisions. Before acquiring any financial product, obtain and read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and any other offer documents.

Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au’s Financial Services and Credit Guide (FSCG).

Guarantor Home Loan Calculator