Secure No Deposit Home Loans in Sydney, Australia For many people buying a home is just like a great task. You can, however, still secure a loan with a small deposit or even no deposit at all. No deposit home loans in Australia allow you to borrow 95 percent of the purchase price of a property. How to Get a Home Loan with no deposit? Getting a home loan with no deposit can be possible but for this, you will need a guarantor. A guarantor is a person who is legally responsible for paying the entire loan if the borrower is not in the situation to pay off all his claims. You could raise your deposit by taking a personal loan, although that could be risky due to the high-interest rates you’ll have to pay in addition to your Home Loans payment. Who is this for? This type of loan is suitable for: First time buyers Individuals with a small budget Individuals who don’t have the required 20% deposit. Individuals who are low on funds, but with a decent credit file and consistent deposit activity in their savings account Individuals who have parents, relatives, or friends willing to be named as guarantors List of lenders which have no deposit loans? There is a list of bank and non-bank lenders which offer no deposit finance with the help of a guarantor. ANZ BankWest CBA Homeside Lending NAB Rams St. George Bank Suncorp Westpac Get FREE Loan Assessment Home Loan Type Commercial Property Loans Low Doc Loans SMSF Loans Self Employed Home Loans Owner occupied loans Development Finance Investment Loan Family Pledge Loan No LMI Loan Construction Loan FAQS Can I mortgage without a deposit in Australia? Though 100% mortgage is rare nowadays, but it is possible to get a loan without saving for a deposit with a guarantor. How will I get approved for no deposit home loan in Sydney? Your no deposit home loan can be approved with the help of a guarantor who will be legally responsible for paying the entire loan if you cannot pay off all the claims. Why no deposit loans are an attractive option for people nowadays? A few reasons are: No savings needed Borrow the full purchase amount and any other associated costs. LMI is not required Usually, the interest rates are exceptionally low Who can be a guarantor for no deposit loans? Technically anyone can be your guarantor who can repay your loans. Often your parent, spouse, siblings, or any close relative can be a guarantor if they have their bank accounts. Can a guarantor be for more than 1 person? Yes, a guarantor can be for more than one person. Just he should have the capacity to repay the loans of which he is a guarantor. why Switch to Your Finance Advisor? Choice Choice of over 30 lenders, over 1,000 different loan products Convenience We come to you, at a time and place most convenient to you and your family Care We’re there for you, not just for now, not just for this loan, but for your lifelong lending needs Complementary Our services are complimentary and obligation-free We Work For You Not The Banks If it’s not in your Best Interest, we won’t recommend it! Speed Our Team of Professionals guarantee that your calls and emails take priority over everything else. We will get back to you same day, 7 days a week! Click Here For Obligation Free Assessment
