Bottoming out at less than 5% of total deferrals in September, in October 90%-or-greater LVR borrowers amounted to 10% of the deferred loan book, implying more of them asked for an extension than those with larger deposits.

In the wider market, those with 90%-or-greater LVRs made up just 6% of the total loan book, according to the Australian Prudential Regulation Authority (APRA).

This is at a greater ratio than in June, where 90%-or-greater borrowers made up 5% of the loan book and 8% of deferred loans. 

APRA does not publish data on the proportion of specific risk profiles that re-enter or extend their home loan deferrals.

Buying a home or looking to refinance? The table below features home loans with some of the lowest variable interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsRow TagsFeaturesLinkComparePromoted ProductDisclosure
5.69% p.a.
5.70% p.a.
$2,899
Principal & Interest
Variable
$0
$0
60%
  • Up to $4k Cashback
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Up to $4k cashback when you take a loan with us (Terms and Conditions apply)
  • Quick and Easy online application, with no upfront or annual fees.
  • Unlimited additional repayments free of charge.
 Disclosure
5.79% p.a.
5.83% p.a.
$2,931
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • 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
5.74% p.a.
5.65% p.a.
$2,915
Principal & Interest
Variable
$0
$0
80%
  • 100% owned by Commbank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • 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
5.84% p.a.
6.08% p.a.
$2,947
Principal & Interest
Variable
$250
$250
60%
  • 100% offset
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 40% Min Deposit
  • Offset
  • Redraw
  • More details
  • Easy application. Fast approval. 100% offset.
  • Unlimited additional repayments free of charge.
  • Redraw available - Access additional payments.
 Disclosure
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 . View disclaimer.

Important Information and Comparison Rate Warning

As of 31 October, $88 billion worth of loans were deferred, representing just 3.3% of the banks' total loan books.

Exits also outweighed new entries for the fourth straight month, totalling $100 billion loans expiring or exiting deferral, and just $12 billion entering or being extended.

This was because as many as half of borrowers came off their six-month deferrals at the start of October.

In August, CommBank's 90%+ LVR borrowers had a 13.5% share of the total loans deferred, a figure which climbed to 15% in October. 

Newcastle Permanent also had a 24% share in 90%+ LVR loans deferred.

Bendigo and Adelaide Bank also had the highest share of interest-only loans deferred at 21%.

For investor loans, 86% of Regional Australia Bank's investor loans were deferred.

Photo by Jonathan Francis on Unsplash



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