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 ofSeptember 19, 2024

	5.69^%_p.a.	6.16^%_p.a.	^$2,319	Fixed	^$0	^$530	80^%	More details
FEATURED	loans.com.au – Fixed Rate OO P&I (3 years) Available for purchase or refinance. 90% LVR Fast turnaround times. Can meet 30-day settlement No monthly or ongoing fees, split with low-rate variable loan
Disclosure
FEATURED loans.com.au – Fixed Rate OO P&I (3 years) Available for purchase or refinance. 90% LVR Fast turnaround times. Can meet 30-day settlement No monthly or ongoing fees, split with low-rate variable loan More details Disclosure
	5.99^%_p.a.	5.90^%_p.a.	^$2,396	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
	6.01^%_p.a.	6.14^%_p.a.	^$2,401	Variable	^$10	^$500	80^%	More details
	Bendigo Bank – Express Home Loan (OO P&I)
Bendigo Bank – Express Home Loan (OO P&I) More details
	6.04^%_p.a.	6.06^%_p.a.	^$2,408	Variable	^$0	^$530	90^%	More details
4.6 Star Customer Ratings	loans.com.au – Variable Home Loan (LVR < 90%)
Disclosure
4.6 Star Customer Ratings loans.com.au – Variable Home Loan (LVR < 90%) More details Disclosure
	6.14^%_p.a.	6.16^%_p.a.	^$2,434	Variable	^$0	^$350	80^%	More details
	Macquarie Bank – Basic Home Loan (Owner Occupier, Principal and Interest, max 70% LVR)
Disclosure
Macquarie Bank – Basic Home Loan (Owner Occupier, Principal and Interest, max 70% LVR) More details Disclosure
	6.14^%_p.a.	6.16^%_p.a.	^$2,434	Variable	^$0	^$250	80^%	More details
	ubank, part of National Australia Bank – Neat home loan - max. 80% LVR (Owner occupied, Principal and interest)
ubank, part of National Australia Bank – Neat home loan - max. 80% LVR (Owner occupied, Principal and interest) More details
	6.14^%_p.a.	6.39^%_p.a.	^$2,434	Variable	^$248	^$350	70^%	More details
	Macquarie Bank – Offset Home Loan (Owner Occupier, Principal and Interest, max LVR 70%)
Disclosure
Macquarie Bank – Offset Home Loan (Owner Occupier, Principal and Interest, max LVR 70%) More details Disclosure
	6.44^%_p.a.	6.66^%_p.a.	^$2,513	Variable	^$0	^$0	97^%	More details
	Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR up to 70%)
Disclosure
Westpac – Flexi First Option Home Loan (Promo) - Principal & Interest (LVR up to 70%) More details Disclosure
	6.59^%_p.a.	6.59^%_p.a.	^$2,552	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
	6.79^%_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
	6.79^%_p.a.	7.16^%_p.a.	^$2,605	Variable	^$0	^$0	90^%	More details
	Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 80% - 90%)
Disclosure
Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 80% - 90%) More details Disclosure
	5.99^%_p.a.	6.51^%_p.a.	^$2,396	Variable	^$0	^$530	90^%	More details
	loans.com.au – Solar Home Loan (Principal & Interest) (LVR < 90%)
Disclosure
loans.com.au – Solar Home Loan (Principal & Interest) (LVR < 90%) More details Disclosure
	5.99^%_p.a.	6.01^%_p.a.	^$2,396	Variable	^$0	^$210	70^%	More details
	Heritage Bank – Discount Variable $700,000+ LVR<=70%
Heritage Bank – Discount Variable $700,000+ LVR<=70% More details
	5.95^%_p.a.	6.23^%_p.a.	^$2,385	Variable	^$299	^$0	80^%	More details
	Gateway Bank – Green Plus Home Loans
Gateway Bank – Green Plus Home Loans More details
	5.98^%_p.a.	6.42^%_p.a.	^$2,393	Variable	^$350	^$0	90^%	More details
	Bank Australia – Clean Energy Home Loan Package Eco/Eco Upgrade LVR <90%
Bank Australia – Clean Energy Home Loan Package Eco/Eco Upgrade LVR <90% More details
	5.95^%_p.a.	5.95^%_p.a.	^$2,385	Variable	^$0	^$0	90^%	More details
	Up – Up Home Variable (Principal & Interest) (LVR < 90)
Up – Up Home Variable (Principal & Interest) (LVR < 90) More details
	5.94^%_p.a.	5.95^%_p.a.	^$2,383	Variable	^$0	^$0	90^%	More details
	Tiimely Home – Live-in Variable Loan Home Loan (Principal and Interest) (LVR < 90%)
Tiimely Home – Live-in Variable Loan Home Loan (Principal and Interest) (LVR < 90%) More details
	5.99^%_p.a.	6.01^%_p.a.	^$2,396	Variable	^$0	^$350	80^%	More details
	Bank of us – FlexiDiscount Variable Rate Loan Special <80% LVR
Bank of us – FlexiDiscount Variable Rate Loan Special <80% LVR More details
	6.14^%_p.a.	6.16^%_p.a.	^$2,434	Variable	^$0	^$350	60^%	More details
	Macquarie Bank – Basic Home Loan (Owner Occupier, Principal and Interest, max 60% LVR) Estimate your borrowing power in as little as 1 minute Complete your application in as little as 15 minutes
Disclosure
Macquarie Bank – Basic Home Loan (Owner Occupier, Principal and Interest, max 60% LVR) Estimate your borrowing power in as little as 1 minute Complete your application in as little as 15 minutes More details Disclosure
	5.99^%_p.a.	5.99^%_p.a.	^$2,396	Variable	^$0	^$0	80^%	More details
	HomeStar – Star Essentials Owner Occupied
HomeStar – Star Essentials Owner Occupied More details
	5.89^%_p.a.	6.59^%_p.a.	^$2,370	Variable	^$150	^$1,000	70^%	More details
	Horizon Bank – Home Sweet Home Loan LVR <= 70%
Horizon Bank – Home Sweet Home Loan LVR <= 70% More details
	5.99^%_p.a.	6.02^%_p.a.	^$2,396	Variable	N/A	N/A	60^%	More details
	BCU Bank – OMG! Home Loan - LVR of <=60%
BCU Bank – OMG! Home Loan - LVR of <=60% More details
	6.04^%_p.a.	6.41^%_p.a.	^$2,408	Variable	^$395	N/A	80^%	More details
	Credit Union SA – Owner Occupied Variable Home Loan Package
Credit Union SA – Owner Occupied Variable Home Loan Package More details
	6.04^%_p.a.	6.05^%_p.a.	^$2,408	Variable	^$0	^$180	90^%	More details
	Greater Bank – Great Rate Home Loan Discounted Rate
Greater Bank – Great Rate Home Loan Discounted Rate More details
	6.04^%_p.a.	6.07^%_p.a.	^$2,408	Variable	^$0	^$799	70^%	More details
	IMB Bank – Budget Home Loan (Principal and Interest) (LVR < 70%)
IMB Bank – Budget Home Loan (Principal and Interest) (LVR < 70%) More details
	6.09^%_p.a.	6.09^%_p.a.	^$2,421	Variable	^$0	^$750	70^%	More details
	HSBC – Home Value Loan - Owner Occupied (LVR 60% - 70%)
HSBC – Home Value Loan - Owner Occupied (LVR 60% - 70%) More details
	6.09^%_p.a.	6.10^%_p.a.	^$2,421	Variable	^$395	^$0	80^%	More details
	People's Choice Credit Union – Basic Variable Home Loan (Principal and Interest) (New Customer) (LVR 70%-80%)
People's Choice Credit Union – Basic Variable Home Loan (Principal and Interest) (New Customer) (LVR 70%-80%) More details
	6.14^%_p.a.	6.16^%_p.a.	^$2,434	Variable	^$0	^$250	70^%	More details
	ubank, part of National Australia Bank – Neat home loan - max. 70% LVR (Owner occupied, Principal and interest)
ubank, part of National Australia Bank – Neat home loan - max. 70% LVR (Owner occupied, Principal and interest) More details
	6.14^%_p.a.	6.19^%_p.a.	^$2,434	Variable	^$0	^$745	60^%	More details
	Bank Australia – Basic Home Loan LVR <60%
Bank Australia – Basic Home Loan LVR <60% More details
	6.09^%_p.a.	6.43^%_p.a.	^$2,421	Variable	^$395	^$0	80^%	More details
	Newcastle Permanent – Premium Plus Package - (LVR <80%)
Newcastle Permanent – Premium Plus Package - (LVR <80%) More details
	6.14^%_p.a.	6.49^%_p.a.	^$2,434	Variable	^$350	^$210	70^%	More details
	Heritage Bank – Home Advantage Variable $150,000 to $249,999 LVR <70%
Heritage Bank – Home Advantage Variable $150,000 to $249,999 LVR <70% More details
	6.14^%_p.a.	6.53^%_p.a.	^$2,434	Variable	^$395	^$250	60^%	More details
	ME – Flexible Home Loan with Member Package - Owner Occupied - LVR > 50% <= 60% - Loan Amount > $700k
ME – Flexible Home Loan with Member Package - Owner Occupied - LVR > 50% <= 60% - Loan Amount > $700k More details
	6.14^%_p.a.	6.15^%_p.a.	^$2,434	Variable	^$0	^$0	70^%	More details
	Suncorp Bank – Personal Purpose Back to Basics Special (Principal and Interest) (LVR < 70%) (New Customer)
Suncorp Bank – Personal Purpose Back to Basics Special (Principal and Interest) (LVR < 70%) (New Customer) More details
	6.14^%_p.a.	6.19^%_p.a.	^$2,434	Variable	^$0	^$745	80^%	More details
	Bank Australia – Basic Home Loan LVR <80%
Bank Australia – Basic Home Loan LVR <80% More details
	6.14^%_p.a.	6.17^%_p.a.	^$2,434	Variable	N/A	N/A	60^%	More details
	Beyond Bank – Purple Basic Variable Home Loan (<60% LVR)
Beyond Bank – Purple Basic Variable Home Loan (<60% LVR) More details
	6.14^%_p.a.	6.43^%_p.a.	^$2,434	Variable	^$299	^$299	80^%	More details
	ING – Orange Advantage ($500k-$1m where LVR <=80% O/Occ) - Principal & Interest
ING – Orange Advantage ($500k-$1m where LVR <=80% O/Occ) - Principal & Interest More details
	6.14^%_p.a.	6.53^%_p.a.	^$2,434	Variable	^$395	^$250	60^%	More details
	ME – Flexible Home Loan with Member Package - Owner Occupied - LVR > 50% <= 60% - Loan Amount > $400k < $700k
ME – Flexible Home Loan with Member Package - Owner Occupied - LVR > 50% <= 60% - Loan Amount > $400k < $700k More details
	6.14^%_p.a.	6.20^%_p.a.	^$2,434	Variable	^$0	^$835	70^%	More details
	Great Southern Bank – Basic Variable - Owner Occupier Principal & Interest (LVR is 70%)
Great Southern Bank – Basic Variable - Owner Occupier Principal & Interest (LVR is 70%) More details
	6.14^%_p.a.	6.14^%_p.a.	^$2,434	Variable	^$0	^$750	80^%	More details
	HSBC – Home Value Loan - Owner Occupied (LVR 70% to 80%)
HSBC – Home Value Loan - Owner Occupied (LVR 70% to 80%) More details
	5.59^%_p.a.	6.35^%_p.a.	^$2,294	Fixed	^$390	^$0	80^%	More details
	HSBC – Packaged Fixed Rate Loan - Owner Occupied (LVR 80% or less) (5 years)
HSBC – Packaged Fixed Rate Loan - Owner Occupied (LVR 80% or less) (5 years) More details

Fixed Rate OO P&I (3 years)

Product Features

Available for purchase or refinance. 90% LVR
Fast turnaround times. Can meet 30-day settlement
No monthly or ongoing fees, split with low-rate variable loan

Monthly repayments:$2,319

5.69%Advertised Rate (p.a.)

6.16%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 September 19, 2024. 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, InfoChoice.com.au, YourMortgage.com.au, YourInvestmentPropertyMag.com.au, and Performance Drive are part of the InfoChoice Group. In the interest of full disclosure, the InfoChoice Group is 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.

Additionally, certain products may present forms designed to refer you to associated companies (e.g. our mortgage broker partner) who may be able to assist you with products from the brand you selected. We may receive a fee for this referral.

You can customise your search using our sorting and filtering tools to prioritise what matters most to you, although we do not compare all features and some results associated with commercial arrangements may still appear.

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 25 years. For car loans and personal loans, the base criteria include a $30,000 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.

Related Brands

Savings.com.au is proudly part of the InfoChoice Group, which includes InfoChoice.com.au, YourMortgage.com.au, YourInvestmentPropertyMag.com.au, and PerformanceDrive.com.au. The InfoChoice Group is associated with the Firstmac Group.

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