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.
Lender | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable | More details | ||||||||||||
FEATUREDOnline ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase | loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)
| ||||||||||||
loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)
| |||||||||||||
Variable | More details | ||||||||||||
FEATUREDRefinance OnlyApply In Minutes | Unloan – Variable Rate Home Loan – Refinance Only
| ||||||||||||
Unloan – Variable Rate Home Loan – Refinance Only
| |||||||||||||
Variable | More details | ||||||||||||
FEATURED | Up – Up Home Variable (Principal & Interest) (LVR ≤ 90)
| ||||||||||||
Up – Up Home Variable (Principal & Interest) (LVR ≤ 90)
|

- Immediate cashback upon settlement
- $2000 for loans up to $700,000
- $4000 for loans over $700,000
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

Ready, Set, Buy!
Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!
With bonus Q&A sheet and Crossword!