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Different Ways to Get Home Loan Without a Cash Deposit in Australia

Your Finance Adviser
Different Ways to Get Home Loan Without a Cash Deposit in Australia

Securing a home loan option is challenging as Australia’s lending bodies have tightened their investment lending criteria. As a result, in recent years, investment home loans rates have increased. That is the reason more and more people are struggling to find cash deposits to secure a home loan.  

However, buying a home in Australia doesn’t mean putting everything at stake. Under the right circumstances, there are still ways to get a No deposit home loan Sydney. Here are the ways to attain a home without a cash deposit.   

Guarantor Loans  

If a borrower is not in a position to utilise equity or investment property, then taking the help of family members who have sufficient equity can be conducive. A family member usually acts as a guarantor and is responsible for paying off the loan if the borrower is incapable of paying the loan on time. In addition, the advantage of a guarantor loan is that the borrower does not need to pay Lender Mortgage Insurance (LMI) and get a robust foothold into the property market.   

Existing Equity   

If the borrower has equity in his existing home or other investment property, he can borrow against the equity. It means the borrowers who already have an existing loan can take out a new home loan. This option has a huge benefit – it allows borrowers to complete control over the purchase.  



Deposits for loans can be based on the borrower’s financial circumstance or property location. The borrower often wonders whether the deposit amount can count in the form of gifts by family members. The answer is yes. The borrower can get a non-refundable deposit amount as a gift. Lenders consider it as a genuine 90% saving; therefore, they will do borrower’s financial such as rental history or financial transactions.


Some lenders even ask for other documents to ensure the borrower is credible. Hence taking the help of the Best mortgage broker Sydney can help smooth the loan application process.  

5% Deposit Home Loans   

Lenders also provide the option of a home loan with a 95 % loan to value ratio (LVR) - it lets borrowers pay a loan amount of 5% deposit. In general, a borrower will need a 5% loan deposit amount to get approved for no deposit home loans in Sydney, Australia. However, the deposit amount can determine how much amount a person can borrow from a lender.   


Attaining a home loan with no cash deposit is relatively same as getting one with a deposit. The borrowers just need to realise their financial circumstances and a suitable lender who can offer no deposit loans. In this type of loan, the paperwork is the same but can vary from lender to lender.  

Do you want your finance journey as seamless as possible then what better way to start with Your Finance Adviser. It is a leading finance advising company that has been assisting individuals and businesses to attain better property loan deals. 

Get in touch with Mr Gautam Berry, trusted Home loan broker Hornsby today to get one step closer to buy dream home. 

Your Finance Adviser
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