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Borrow up to 98% with this incredibly low rate, fully featured home loan.




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2yr variable rate







Comparison rate*

Key features

  • Borrow up to 98%

  • $0 application fee

  • 100% offset facility

  • $0 monthly fee

  • $395 annual fee


1 - 3 yr fixed rate







Comparison rate from*

Key features

  • Borrow up to 98%

  • $0 application fee

  • 100% offset facility

  • $0 monthly fee

  • $395 annual fee

Why don't all banks offer 98% loans without rate penalties? And why are we different?

You're not going to like this... 

The truth is they can. The money they lend to you is protected by the lender's mortgage insurance you pay for - they just don't need to.

First home buyers have always been an easy target to make more margin and that's probably not going to change any time soon.

Want the good news...?

There are banks out there who care about customers as much as their bottom line - you just haven't heard of them.

Smaller banks are just as secure as big ones. But unlike big banks, they typically specialise in one type of loan or customer.

They can offer better rates because they understand their customers better and don't waste millions on brand ads or brokers channels.

We specialise in helping small banks bring their amazing products directly to the people that need them.

That's probably how you found us!

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Calculate what you need to get into the property market now.

^ Estimate only. Net deposit required is less any FHOG. Does not take into account 5% genuine savings requirements, or lender and legal costs. Speak to a Parker Lane mortgage specialist to receive a FREE personalised quote.

Loan Information

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 98% 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.

  • $0 applicaiton fee
  • $0 valuation fee (first valuation only)
  • $0 monthly and $395 annual fees
  • Redraw fee: Internet (BPAY®, internal and external transfers) $0: Staff Assisted $30


You can apply if you:

  • Are over 18 years of age
  • Have a regular income
  • Have 5% genuine savings OR equivalent rental payment history
  • 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.

Why people love us

3,000+ happy customers and counting

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At Parker Lane we've famous for being the little brokerage that wins big awards for satisfying our customers.

With more than 3,000 happy customers in just 4 years, we estimate that on average we save people $35,579 by financing with us.

The most direct path to home ownership


Take the 10 minute challenge with one of our friendly first home experts.


Get Approved
Once you get qualified we'll lock in a plan and get you approved ASAP. 


Settle Loan
Find a home and we'll take care of settlement so you can relax.

Work With us How Ever You Like

Get self qualified

Curious? Take the 60 second qualification quiz to see if you pre-qualify. 

Book a FREE appointment

Get the lowdown fast a confidential 10 minute session with one of our expert advisers.

Hundreds of 5-Star Success Stories just like this one


Out of 5


Amanda N

Stockwell, SA

"We found staff at Parker Lane professional and and helpful in every way, making the process stress free and easy.
Keely helped us by offering a variety of loans and options, some options we would never have considered or known about based on our situation.
Alana always kept us up to date and we highly recommend anyone looking at refinancing, consolidating or for any other loans with Parker Lane.
Thank you Keely and Alana for assisting us during this process, we are very excited about paying off our home loans sooner."

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Get a hold of a Parker Lane human on 1300 13 17 11.

OR email to get the help you need.