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No Deposit Home Loan
No Deposit Home Loan: what it costs, how it works, and who it is not for. Every figure carries the source it came from and the date it was read.
Can you actually buy with no deposit?
Macquarie - rate card, 'Effective for loans formally approved on or after 31 JULY 2026'. Tiers run 60 / 70 / 80 / 90 / 95%. MAXIMUM LVR 95%, and the card states the cap is INCLUSIVE OF LMI OR LDF CAPITALISATION. The 95% tier is priced at a hard step - 7.09% against 6.29% at 90% - an 80 basis point j Money Brain publishes the document and the date behind every line on this page, and states plainly where a position has not been read.
How current is this page?
Every figure on this page carries the source it came from and the date it was read. Where a lender-by-lender position has not been read at source, the page says so rather than repeating something from memory. Lender policy changes quietly and often.
What decides your answer
Can you actually buy with no deposit?
Macquarie - rate card, 'Effective for loans formally approved on or after 31 JULY 2026'. Tiers run 60 / 70 / 80 / 90 / 95%. MAXIMUM LVR 95%, and the card states the cap is INCLUSIVE OF LMI OR LDF CAPITALISATION. The 95% tier is priced at a hard step - 7.09% against 6.29% at 90% - an 80 basis point jump for the last five percent, which is the real cost of a 5% deposit at Macquarie and is worth showing as a number rath
The four routes to buying with little or nothing
AMP - interest rate bulletin, file home-loans-22082025.pdf. THE PRINTED 'Effective:' LINE DID NOT EXTRACT CLEANLY (the page furniture split it), so the date rests on the FILENAME, 22-Aug-2025 - AN INFERENCE, AND A YEAR OLD. A newer bulletin almost certainly exists and this row should be re-read before use. What it says: MAXIMUM P&I 90% LVR + LMI owner-occupier, 90% LVR including LMI investment. MAXIMUM INTEREST-ONLY
What lenders actually mean by 95% and 98%
Bendigo - rate table, 'Rates effective from: 25/08/2026' - the freshest dated source in this step, one day old. THE PRODUCT SETS THE CEILING, NOT THE LENDER, AND THIS IS THE CELL NOBODY PUBLISHES: Flex Home Loan reaches 95% but OWNER-OCCUPIER AND PRINCIPAL-AND-INTEREST ONLY; Flex on investment stops at 90%; and the EASY Home Loan - same bank - is capped at 80% for both. A borrower told 'Bendigo goes to 95%' who appli
What decides your answer
How much you really need, at each level
Macquarie - rate card, 'Effective for loans formally approved on or after 31 JULY 2026'. Tiers run 60 / 70 / 80 / 90 / 95%. MAXIMUM LVR 95%, and the card states the cap is INCLUSIVE OF LMI OR LDF CAPITALISATION. The 95% tier is priced at a hard step - 7.09% against 6.29% at 90% - an 80 basis point jump for the last five percent, which is the real cost of a 5% deposit at Macquarie and is worth showing as a number rath
Stamp duty and costs on top
AMP - interest rate bulletin, file home-loans-22082025.pdf. THE PRINTED 'Effective:' LINE DID NOT EXTRACT CLEANLY (the page furniture split it), so the date rests on the FILENAME, 22-Aug-2025 - AN INFERENCE, AND A YEAR OLD. A newer bulletin almost certainly exists and this row should be re-read before use. What it says: MAXIMUM P&I 90% LVR + LMI owner-occupier, 90% LVR including LMI investment. MAXIMUM INTEREST-ONLY
Gifted deposits and what lenders need to see
Bendigo - rate table, 'Rates effective from: 25/08/2026' - the freshest dated source in this step, one day old. THE PRODUCT SETS THE CEILING, NOT THE LENDER, AND THIS IS THE CELL NOBODY PUBLISHES: Flex Home Loan reaches 95% but OWNER-OCCUPIER AND PRINCIPAL-AND-INTEREST ONLY; Flex on investment stops at 90%; and the EASY Home Loan - same bank - is capped at 80% for both. A borrower told 'Bendigo goes to 95%' who appli
What decides your answer
Genuine savings - who has to show it and who does not
Macquarie - rate card, 'Effective for loans formally approved on or after 31 JULY 2026'. Tiers run 60 / 70 / 80 / 90 / 95%. MAXIMUM LVR 95%, and the card states the cap is INCLUSIVE OF LMI OR LDF CAPITALISATION. The 95% tier is priced at a hard step - 7.09% against 6.29% at 90% - an 80 basis point jump for the last five percent, which is the real cost of a 5% deposit at Macquarie and is worth showing as a number rath
Which lenders go to 95%, and on what conditions
AMP - interest rate bulletin, file home-loans-22082025.pdf. THE PRINTED 'Effective:' LINE DID NOT EXTRACT CLEANLY (the page furniture split it), so the date rests on the FILENAME, 22-Aug-2025 - AN INFERENCE, AND A YEAR OLD. A newer bulletin almost certainly exists and this row should be re-read before use. What it says: MAXIMUM P&I 90% LVR + LMI owner-occupier, 90% LVR including LMI investment. MAXIMUM INTEREST-ONLY
What LMI costs at each deposit level
Bendigo - rate table, 'Rates effective from: 25/08/2026' - the freshest dated source in this step, one day old. THE PRODUCT SETS THE CEILING, NOT THE LENDER, AND THIS IS THE CELL NOBODY PUBLISHES: Flex Home Loan reaches 95% but OWNER-OCCUPIER AND PRINCIPAL-AND-INTEREST ONLY; Flex on investment stops at 90%; and the EASY Home Loan - same bank - is capped at 80% for both. A borrower told 'Bendigo goes to 95%' who appli
What decides your answer
Postcode and property restrictions
Macquarie - rate card, 'Effective for loans formally approved on or after 31 JULY 2026'. Tiers run 60 / 70 / 80 / 90 / 95%. MAXIMUM LVR 95%, and the card states the cap is INCLUSIVE OF LMI OR LDF CAPITALISATION. The 95% tier is priced at a hard step - 7.09% against 6.29% at 90% - an 80 basis point jump for the last five percent, which is the real cost of a 5% deposit at Macquarie and is worth showing as a number rath
Which route is cheapest for you
AMP - interest rate bulletin, file home-loans-22082025.pdf. THE PRINTED 'Effective:' LINE DID NOT EXTRACT CLEANLY (the page furniture split it), so the date rests on the FILENAME, 22-Aug-2025 - AN INFERENCE, AND A YEAR OLD. A newer bulletin almost certainly exists and this row should be re-read before use. What it says: MAXIMUM P&I 90% LVR + LMI owner-occupier, 90% LVR including LMI investment. MAXIMUM INTEREST-ONLY
When waiting six months beats any of them
Bendigo - rate table, 'Rates effective from: 25/08/2026' - the freshest dated source in this step, one day old. THE PRODUCT SETS THE CEILING, NOT THE LENDER, AND THIS IS THE CELL NOBODY PUBLISHES: Flex Home Loan reaches 95% but OWNER-OCCUPIER AND PRINCIPAL-AND-INTEREST ONLY; Flex on investment stops at 90%; and the EASY Home Loan - same bank - is capped at 80% for both. A borrower told 'Bendigo goes to 95%' who appli
Questions
Bendigo - rate table, 'Rates effective from: 25/08/2026' - the freshest dated source in this step, one day old. THE PRODUCT SETS THE CEILING, NOT THE LENDER, AND THIS IS THE CELL NOBODY PUBLISHES: Flex Home Loan reaches 95% but OWNER-OCCUPIER AND PRINCIPAL-AND-INTEREST ONLY; Flex on investment stops at 90%; and the EASY Home Loan - same bank - is capped at 80% for both. A borrower told 'Bendigo go
Sources and check dates
Lender lines on this page come from data the panel documents carry, read on 2026-08-09. Anything not read at source is named as unpublished.
Who wrote this page
Darren Parker, Credit Representative 501592, authorised under Australian Credit Licence 389328. Every figure here was read at source and dated. If a lender's position has changed since the date shown, tell him and it is corrected.
See where you stand before you decide anything
Updated 13 September 2026