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How much deposit do I need for a home loan?

At Qantas Money Home Loans, you’ll need at least a 20% deposit or equity for our Atlas Home Loan, a 10% deposit or equity for our Offset Home Loan, or a 20% deposit or equity for our Basic Home Loan.

Depending on your circumstances and loan selection, you may be able to borrow from $300K up to $7.5M:

For our Basic and Offset Home Loans, you’ll need at least a 10% deposit or equity for loans under $2M, plus savings to cover fees and charges such as stamp duty.
For our Basic and Offset Home Loans more than $2M, you’ll need at least a 25% deposit or equity, plus savings to cover fees and charges such as stamp duty. Funds in this instance can’t be used for an equity release or ‘cash out’ (refinance).
For our Atlas Home Loan, the maximum borrowing amount is $3.5M and you'll need at least a 20% deposit or equity, depending on the property details, including location.

If you have less than a 20% deposit of the property's value, you'll also need to pay Lenders' Mortgage Insurance (LMI) or a Lender Protection Fee (LPF). These are one off fees paid to cover the lender if you default on your loan repayments. You can learn more about LMI and LPF here.

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How much deposit do I need for a home loan?

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