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How much deposit do I need for a home loan?

At Qantas Money Home Loans, you must have at least a 10% deposit or equity for our Offset Home Loan, or 20% deposit or equity for our Basic Home Loan. Loans above $2M require a minimum 25% deposit as well as savings to cover fees and charges such as stamp duty. It’s important to keep in mind that if you do have less than a 20% deposit of the property's value, you'll also need to pay Lenders' Mortgage Insurance (LMI). This is insurance that covers the lender if you default on your loan repayments. You can get more information about LMI here.

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