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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
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4.6 Star Customer Ratings
  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
4.6 Star Customer Ratings

loans.com.au – Variable Home Loan (LVR < 90%)

  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
Variable
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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.
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.
Variable
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Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Unlimited Redraws

ubank – Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Variable
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No hidden feesFree redraw facility
No hidden feesFree redraw facility

Tiimely Home – Live-in Variable Loan Home Loan (Principal and Interest) (LVR < 90%)

    Variable
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    • Up to $4,000 when you refinance with an IMB home loan.

    IMB Bank – Budget Home Loan (Principal and Interest) (LVR < 70%)

    • Up to $4,000 when you refinance with an IMB home loan.
    Variable
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    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes

    Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR < 60%)

    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes
    Variable
    More details
    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes

    Macquarie Bank – Offset Package Home Loan (Principal and Interest) (LVR < 60%)

    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes
    Variable
    More details

    ubank – Neat Variable Home Loan (Principal and Interest) (LVR ≤ 80%)

    • Home loan specialists available today
    Variable
    More details
    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes

    Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR 70%-80%)

    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes
    Variable
    More details

    Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 70% - 80%)

      Variable
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      NAB – Base Variable Home Loan (Principal and Interest) (New Customer)

        Variable
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        Westpac – Flexi First Option Home Loan (New Customer) (LVR > 80%)

          Variable
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          ANZ – Standard Variable Home Loan (Principal and Interest) (LVR < 80%)

            Variable
            More details

            loans.com.au – Solar Home Loan (Principal & Interest) (LVR < 90%)

              Variable
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              Heritage Bank – Discount Variable Home Loan ($150k+) (LVR < 70%)

                Variable
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                People's Choice – Package Variable Home Loan (Principal and Interest) (New Customer) ($100k+) (LVR < 70%)

                  Variable
                  More details

                  Bendigo Bank – Express Home Loan (Principal and Interest)

                    Variable
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                    HSBC – Home Value Home Loan (Principal and Interest) (LVR < 70%)

                      Variable
                      More details

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

                        Variable
                        More details

                        Suncorp Bank – Personal Purpose Back to Basics Special (Principal and Interest) (LVR ≤ 60%) (New Customer)

                          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 July 22, 2024. View disclaimer.