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98% First Home Loan

Low deposit home loan package for first home buyers


Variable interest rate







Comparison rate*

Key features

  • Borrow up to 95%

  • Capitalise LMI up to 98% 

  • $0 application fee

  • 100% offset account

One incredibly low rate for one very low deposit, fully featured home loan package. Getting approved for your first home loan may just be closer and more affordable than you thought. 


Credit eligibility criteria, terms & conditions, fees & charges apply.



Use your cash and savings to save interest and repay your loan sooner


Discounted application fees on other banking and insurance products


Use your cash and savings to save interest and repay your loan sooner


Borrow up to 95% of the value of the property for purchase or refinance


Zero application fee for standard applications and security properties


Use your cash and savings to save interest and repay your loan sooner


 Benefit from flexible repayment options – pay weekly, fortnightly or monthly


An annual package fee of $395 applies


Loan Details


  • Life-of-loan discount off the standard variable interest rate
  • Deposit your money into a 100% offset facility which allows you to reduce the interest on your home loan
  • Save money with no monthly fees
  • Low annual fee of $395
  • Use your money your way by making extra repayments without penalty and redraw your money as you need it
  • Benefit from flexible repayment options – pay weekly, fortnightly or monthly
  • Available for owner occupied or construction purposes
  • You can borrow up to 95% of the property value with lenders mortgage insurance. Lenders mortgage insurance will apply if you borrow over 80% of the property value.
  • If you borrow 80% or less of the property value Lenders mortgage insurance may not be required.
Package Benefits Interest rate and fee discounts on your loan, plus discounts on other products and services: Enjoy all these benefits for one annual fee of $395
  • Transaction fee free banking
  • $0 annual fee on our low rate credit card – saving you $40
  • $0 application fee on personal loans – saving you $195
  • A 10% discount on the first years premium on home and/or contents and/or car insurance
Loan to Value
  • Borrow up to 95% of the value of the property
  • Lender's Mortgage Insurance (LMI) applies above 80%
  • Capitalise LMI up to 98%
Acceptible Securities
  • Residential properties
  • Vacant land
  • Construction

Fees and Charges

New Money Offer - $0 application fee applies to application, legal and valuation fee with only one valuation fee waived. Government charges or any exit costs may be incurred from your existing lender. Additional fees may also apply. Please refer to your lender for a schedule of fees and charges.

  • New application fee $600
  • Valuation, legal and top up fees apply
  • $0 monthly and $0 annual fees
  • Redraw fee: Internet (BPAY®, internal and external transfers) $15: Staff Assisted $30


You can apply if you:

  • Are over 18 years of age
  • Have a regular income
  • Are not bankrupt
  • Are an Australian citizen, a permanent resident or have an approved working Visa
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
What you may need to apply:
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Self employed
  • Full documentation applicants acceptable.

Comparison Rate Explained

The comparison rate is ASIC's standard for comparing loans of $150K over 25 years. Comparison rates may not be the best way to compare the value of loan options which are for different amounts and terms.

Work With us How Ever You Like

Start your application

Found your finance? Get the ball rolling on your application via our all online intuitive application form. 

Book an appointment

Want to know the next step? Book a confidential and free 1 on 1 appointment with one of our expert lenders.

We're Obsessed with Delivering

WOW Every Time

Hundreds of Australians speak to Parker Lane every month about ways to save money.


Out of 5


Sunday, January 13, 2019

Loan For Solar (Green loan)

Melanie knew her business, was easy to relate and chat with..
Helped with the 10 emails I sent her, as I just am so not tech savvy.
Also sent us The good solar book, so now I am empowered with knowledge when they come to install on Saturday..
I would highly recommend.. 
thanks again Melanie and Parker Lane.


Thursday, January 10, 2019

Fantastic Service

Francois assisted me with getting Finance for the Solar System.

Excellent customer service from start to delivery. No pushy sales pitch at all.

Definitely recommend him to everyone.

Rohit Jaggi

Wednesday, December 19, 2018

Great help

Francois and Travis helped me through the most stressful process I've ever had with calm and friendly approach.

They were always available to chat and kept constant contact through email and phone which was great. 

My settlement happened today and I'm very happy with the purchase! I never felt pressured to do anything and there were a few rocky bumps that was out of my control and theirs, but they did fantastic.

Franky Novotny

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